Senscomm Semiconductor secures Series A financing round led by Xiaomi-backed industry fund

Senscomm Semiconductor announced Thursday that it has closed its Series A round led by Hubei Xiaomi Yangtze River Industrial Fund and joined by Glory Ventures.

Senscomm Semiconductor announced Thursday that it has closed its Series A round led by Hubei Xiaomi Yangtze River Industrial Fund and joined by Glory Ventures.

Senscomm Semiconductor will use the proceeds to expand its engineering team to develop and mass-produce new SoC products supporting the WiFi 6 standard, said the company. The firm will also drive the application of these products in the consumer goods market, enterprises, and IoT devices.

The company mainly focuses on research and development of semiconductors and integrated circuits and also provides machinery equipment and technical consulting service.

Founded in July 2018, Senscomm Semiconductor is a manufacturer of semiconductors headquartered in Suzhou. Previously, the company’s core team has successfully developed and mass-produced more than 20 Wi-Fi, Bluetooth, and cellular 4G wireless SoC chip products worldwide, and also accumulated rich Wi-Fi 6 standardization experience.

At present, the company is working hard to accelerate the development and mass production of its new WiFi 6 products.

The founding team members of Senscomm Semiconductor came from Silicon Valley and South Korea. The core R&D engineering team is comprised of several PhDs from world-class universities; each and everyone of them has more than 20 years of chip mass production development experience, and has worked for Qualcomm, Samsung, SK Telecom, GCT Semiconductor and other globally-known wireless semiconductor companies individually.

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/senscomm-semiconductor-secures-series-a-financing-round-led-by-xiaomi-backed-industry-fund/.

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