Sage Microelectronics Raises US$35 Million for to Develop Storage Chips
China-based integrated circuit (IC) design company Hangzhou Sage Microelectronics Corp. has raised US $35 million in capital investment to develop high-end controller chips for enterprise-class data storage and server products.
Founded in 2011 by a veteran technical team from the U.S. Silicon Valley, Sage Microelectronics has become China’s leading provider of ICs and solutions for digital storage and data security applications. The company is headquartered in Hangzhou City and has offices in Beijing, Shenzhen, Taipei, and Silicon Valley. Its R&D team has rich IC design experience in computer interface and solid-state disk drive (SSD) products, and has built up a rich portfolio of related intellectual property (IP). Its portable storage, SSD and disk array control chips are increasingly being adopted by mainstream memory manufacturers around the world.
Xiaomi Invests in Semiconductor Design Company VeriSilicon
Since 2014, China smartphone manufacturer Xiaomi, like competitors Samsung Electronics, Apple and Huawei, has been designing its own chips. In April 2019, Xiaomi spun off some of its chip divisions and set up a subsidiary called Big Fish, which is focused on designing and manufacturing chips for the Internet of Things (IoT). To continue expanding its semiconductor business, Xiaomi recently invested in China chip design firm VeriSilicon, acquiring a 6-percent stake in the company.
In a document submitted to the China Securities Regulatory Commission (CSRC) in June of this year, VeriSilicon disclosed that a fund, operated by Xiaomi, is now its second largest external shareholder. Xiaomi confirmed the China investments to the media, but did not divulge the specific amount.
Xiaomi established its semiconductor division in 2014 and launched its first system chip, Surge S1, three years later. This chip, while used in Xiaomi’s Mi 5 smartphone, has not been widely implemented in other products.
Jinrui Announces a plan to Acquire 100% of SXPES
In order to deepen its involvement in the semiconductor and flat panel display industries, Jinrui announced it will be acquiring 100% stake in the electronic chemical manufacturer, SXPES.
Jinrui focuses on product development, manufacturer and sales of microelectronic chemicals. Currently, its leading products include ultra-clean high-purity reagents, photoresists and basic chemical materials.
SXPES is a joint venture that was established by SXPES Chemical Corp and Korea Zaoyuan Co. Because its core product, NMP, is a cleaning material for lithium batteries, semiconductors and display panels, the company aligns well with the layout plan for the lithium battery industry, in which Jinrui plays a role.
After the completion of the reorganization, the carrier will become a wholly-owned subsidiary of the company and will further enrich the company’s layout plan.