GAC Group invests in Kunming High-Tech Microelectronics to promote the development of domestic chips

Guangdong Guangqi Ruikun Venture Capital Partnership (Limited Partnership), a subsidiary of GAC Group, recently became a new shareholder of Kun High-Tech Microelectronics (Jiangsu) Co., Ltd. After this investment, the registered capital of Kun High-Tech Microelectronics increased from 15.7332 million yuan to 16.2577 million yuan. Kun High-Tech Microelectronics was established in January 2019 and mainly engages in the import and export of commercial cryptographic products and the development of basic software for artificial intelligence. At present, the company is committed to the development of Ethernet PHY, gateways and TSN switching chips, aiming to provide domestic chips for industries such as automatic & unmanned driving and China's intelligent manufacturing. GAC Capital has invested in a number of chip companies including Dexin Chip, Yixing Intelligent, and Shanghai Xintai.