Xinpletek Technology closes Pre-A financing led by China Growth Capital

5G RF front-end chip company Xinpletek Technology announced the completion of a Pre-A round of financing of tens of millions of yuan, led by China Growth Capital and joined by Northern Light Venture Capital and CAS Star.

5G RF front-end chip company Xinpletek Technology announced the completion of a Pre-A round of financing of tens of millions of yuan, led by China Growth Capital and joined by Northern Light Venture Capital and CAS Star.

The proceeds will be mainly used for team building, rapid chip development and iteration, and market expansion. It will provide first-class RF front-end modules in mobile phones and the Internet of Things.

Xinpletek was founded in late 2018 and is headquartered in Shanghai. It has a complete R&D team of mobile phone RF front-end, and its R&D capabilities cover various fields such as GaAs, RF SOI, CMOS Analog, and Digital.

Team members of Xinpletek have working experiences in well-known RF PA companies in the industry. In the eras of 2G / 3G / 4G mobile phone, it has repeatedly developed and mass-produced industry-leading products.

Xiong Weiming, a partner of leading investor China Growth Capital, said: “At the time when China strongly encourages the promotion of 5G technology, the country still lacks world-class RF front-end chip suppliers. With the popularization of next-generation cellular communication technology, we are optimistic that Xinpletek will surprise the Chinese semiconductor industry in the field of high-end RF front-end. “

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/xinpletek-technology-closes-pre-a-financing-led-by-china-growth-capital/.

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