Archimedes Semiconductor Completes 300 Million Yuan Angel Round Financing

In October 2021, Archimedes Semiconductor completed an angel round of financing of 300 million yuan, led by the Anhui Artificial Intelligence Fund managed by Industrial Investment Company, a subsidiary of Hefei Industrial Investment Group, and coordinated by provincial, municipal and district government investment platforms. Joint investors also include the world-renowned MEMS listed company Saiwei Semiconductor, China's famous analog chip listed company Shengbang Semiconductor, China's leading clean energy listed company Zhongyu Gas and many other listed companies and their founders and well-known semiconductor investors.