Flag Semiconductor completes hundreds of millions of yuan in financing

Qixin Microsemi recently completed a multi-million yuan financing round, backed by prominent investors including Xiaomi Group, Hainan Jimu Venture Capital, and Jingguorui. The company plans to relocate to Beijing's Shunyi District to better serve customers and promote the development of the automotive industry. Qixin Microsemi's products are widely used by Tier 1 suppliers and major automakers, with shipments exceeding 10 million units of its FC4150 series automotive-grade MCUs based on the ARM Cortex M4 architecture.