Recently, Furui Microelectronics (Shanghai) Co., Ltd. (hereinafter referred to as “Furuiwei”) announced the completion of an angel + round of financing of hundreds of millions of RMB. This round of financing was led by CICC Capital and Baoding Investment, followed by Huoshui Capital and Anhui Zhongchen Investment Group.
This round of financing will be mainly used for the team expansion, R&D resource purchase and market expansion of the R&D centers of Furui Microelectronics in Shanghai, Hefei, Nanjing, Xi’an, Beijing, Shenzhen, Cambridge, Wuxi and other places, so as to accelerate the promotion of automobile Projects such as smart cockpit and ADS/ADAS chip research and development were implemented.
Founded in January 2022, Furuiwei is mainly engaged in the research and development of automotive smart cockpits and ADS/ADAS chips. It provides high-performance chip-based solutions for the smart car industry with chip design capabilities and artificial intelligence algorithms. Empowering, promoting the innovation and development of the automobile industry, thereby enriching people’s “third living space”.
Guo Guangchang, Chairman of Fosun International, said: Fosun Group strongly supports Fosun Micro to conquer the high computing power vehicle chip and climb the peak of the semiconductor industry. In the future, I believe we can create the prospect of “core” together.
Wang Lipu, chairman and CEO of Furui Microelectronics, said: In the new era of automobile intelligence, computing power is the core of the development of vehicle intelligence and a key indicator of global competition. Furui focuses on general computing power and artificial intelligence computing power to provide customers with products that meet future industrial development trends and consumer needs, improve consumer experience, and enhance industrial innovation capabilities. At the same time, benefiting from Fosun’s large-scale, full-coverage industrial investment in the automotive industry chain and abundant resources in downstream industries, Furuiwei, as a core enterprise in the layout of the automotive ecosystem, is expected to realize software-defined vehicles with super computing power and promote the optimization of the domestic autonomous driving industry upgrade.
CICC Capital Operations Co., Ltd. said: The technological innovation, high-end manufacturing and new consumption fields involved in Furui Micro are the key investment directions of the Chinese market. The cooperation between the CICC Capital team and Furuiwei is a two-way empowerment. As the leading investment institution, the CICC Capital team will provide Furuiwei with “6+1” long-term development empowerment – finance, business, intelligence, technology, Organization, manpower, and CICC’s brand blessing; at the same time, investing in Furuiwei also increases our investment in technological innovation and hard technology, which will help us optimize our industrial investment layout and create new growth poles.
Zhou Dan, general manager of Shanghai Baoding Investment Co., Ltd., said: Furui Micro has advanced technology, professional R&D personnel and an efficient management team, and has the core elements for high-quality development of enterprises. innovative enterprise.
Shi Lian, partner of Living Water Capital RMB Fund, said: The next ten years will be the golden cycle of China’s semiconductor industry, and Furui Micro will be the most representative enterprise in China’s “chip” economic era. In terms of high-tech and consumer technology, we have explored many tracks, including artificial intelligence, integrated circuits, 5G, big data, Internet of Things, etc. We are firmly optimistic about the industry prospects, development potential and strategic vision of Furuiwei.
Zhang Bozhong, chairman of Anhui Zhongchen Investment Group, said: Furui Micro is a typical example of the strategic development direction of China’s emerging industries. It is very important to provide solutions based on high-performance chips for the global smart car business with artificial intelligence and semiconductor technology as the core. forward-looking. At the same time, the Furui Micro team has rich experience in chip design, solution development, and market development. I believe that this investment will lay a solid foundation for further, in-depth and comprehensive strategic cooperation between the two parties in the future, and jointly empower the electric vehicle industry to enter the era of large computing power.
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