MindMotion Microelectronics receives strategic financing from Xiaomi-backed fund

Shanghai-based MindMotion Microelectronics has changed its financing on January 19, with its registered capital increased to 56.68 million yuan, an increase of 19.88%. Wang Xiaobo, a managing partner of Xiaomi Yangtze River Industrial Fund, became a new board member of the company.

Shanghai-based MindMotion Microelectronics has changed its financing on January 19, with its registered capital increased to 56.68 million yuan, an increase of 19.88%. Wang Xiaobo, a managing partner of Xiaomi Yangtze River Industrial Fund, became a new board member of the company.

Established in 2011, MindMotion Microelectronics is a leading Chinese supplier focusing on MCU products and application solutions, providing comprehensive, complete, and localized MCU products for local system companies in China.

It is an integrated circuit design enterprise recognized by China’s Ministry of Industry and Information Technology and Shanghai Municipal Information Office, and it is also a high-tech enterprise recognized by Shanghai government.

Since its establishment in March 2011, MindMotion Microelectronics has successfully completed the design and promotion of hundreds of MCU products.

Recently, Xiaomi Yangtze River Industrial Fund has successively invested in OnMicro, ASR Microelectronics, and MindMotion Microelectronics, which shows that it is accelerating the expansion in the entire semiconductor industry chain.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/06/mindmotion-microelectronics-receives-strategic-financing-from-xiaomi-backed-fund/.

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