One company received a whopping $400 million along with closer ties to Porsche, and another two crossed the $100 million mark. Most of those rounds were smaller, but the startups cover a wide range from PCB manufacturing to IC test to parts for equipment.īattery startups saw another good month as well. The month had eight equipment makers from China funded. Two of those, in FPGAs and CPUs, raised rounds surpassing $100 million.Įquipment, of course, is vital to make those devices. Over half the companies funded were from China as well, including two FPGA companies, three making CPUs, a GPU startup, and numerous networking and wireless chip companies. Over half the month’s total funding went to startups in the country. May was another strong month for China as it continues its push to build a native semiconductor ecosystem.
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