FAW Capital joins automotive chip supplier ChipON’s C2 financing round

Beijing (Gasgoo)- China’s automotive chip supplier ChipON announced on September 20 the completion of its C2 & strategic financing round. 

Photo credit: ChipON

The round attracted such investors as FAW Capital, Shanghai STVC Group, Zhangjiang Science Technology Venture Capital, Seekers Capital (Jiangyin), FAW Leaguer Investments. 

Upon completion of the round, ChipON will continue to deepen its partnership with automakers, including FAW Group, vigorously promote the R&D and commercialization of automotive chips with higher functional safety levels. The company plans to branch out into the high-end market of auto-grade chips, and expand its overall business layout of automotive chips with KungFu kernel as the core, eventually forming a full-stack KungFu ecosystem that integrates product, technology, and service.

As a self-reliant player in the automotive chip field, ChipON holds powerful technical R&D capability, a strict quality management system, a strong technical services team, stable business policies, and numerous commercialized application cases. Its proprietary KungFu CPU cores, IP core, and nearly 50 auto-grade chips covering 8 to 32 bits have been deployed by major international and domestic mainstream automakers.

After several rounds of financing, ChipON has attracted investors who are also well-known enterprises in the upstream and downstream of the automobile or chip industrial chains, state-owned innovation platforms, and professional investment institutions.