Chipcore Technology completes financing of over US$100 million to promote the development of domestic automotive-grade chips.

Recently, ChipEngine Technology completed a new round of financing exceeding US$100 million, introducing new shareholders including Jingming Capital and Yutong Group, and receiving continued support from existing shareholders. ChipEngine Technology, with its leading 7nm automotive-grade smart cockpit chip technology, already holds the top market share among domestically produced chips of its kind. This financing will help ChipEngine Technology further expand into the commercial vehicle market, deepen cooperation with OEMs and supply chains in Southwest China, and promote the application of domestically produced automotive-grade chips across all industry scenarios.