Chinese chip designer GigaDevice raises $610m from Singapore's GIC, others

Chinese chip designer GigaDevice raises $610m from Singapore's GIC, others

Photo by Alexandre Debiève on Unsplash

Shanghai-listed chip designer GigaDevice Semiconductor has raised 4.32 billion yuan ($610 million) from five investors, including Singapore’s sovereign wealth fund GIC Pte, through a private placement of shares.