Brite Semiconductor has recently announced the completion of its Series D financing round, raising 350 million yuan.
The round was led by Haitong Securities and Sunic Capital, with participation from Oriza Holdings, Xiaomi, Volcanics Ventures, Teda VC, Golden Partners Capital, and several existing investors.
The funding will be used to further advance the company's ASIC one-stop design solution and SoC platform technologies and products on SMIC's advanced processes.
Founded in 2008, Brite Semiconductor is a provider of application-specific integrated circuit (ASIC) design solutions.
The company provides clients with double data rate (DDR) memory controllers, PHY chips, silicon platform solutions, and other advanced chip design solutions, enabling clients in various industries including consumer electronics, IoT, wearable devices, communications, and computers to have reliable and high quality chips.
In 2010, Brite Semiconductor formed a strategic alliance with SMIC, and developed its own branded "YOU" series of IP and silicon platform solutions based on SMIC's process.