Chinese auto chip maker GTA Semiconductor rakes in over $1.8b in fresh funding round

Chinese auto chip maker GTA Semiconductor rakes in over $1.8b in fresh funding round

Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration

Shanghai-based automotive chipmaker GTA Semiconductor has snapped up 13.5 billion yuan ($1.8 billion) from a slew of state-affiliated funds and institutional investors, according to an announcement published by its previous backer state-owned PE firm Spinnotec.

Edited by: Padma Priya