Indychip completes RMB 300 million in Series B strategic financing to promote the development and mass production of automotive chips

Wuxi Indychip Microelectronics Technology has completed a strategic financing of RMB 300 million, led by Changan Anhe, Dongfeng Communications Bank, Keboda, Xingyu Shares and old shareholder Linxin Investment, with participation from Guolian Tongyi, Keyu Shengda, Qianhai Pengchen and Zhenghai Capital. Indychip focuses on automotive-grade digital-analog mixed signal processing chips, and its products have been applied to vehicle lighting control and micro-motor control, serving more than 100 automotive TIER1s. Indychip has established R&D centers in Shanghai, Wuxi and Suzhou; and has sales and technical support centers in Shanghai, Shenzhen, Beijing, Taipei, Los Angeles, USA, and Dresden, Germany.