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wanxin integration raises 9.5 billion in financing: hefei’s latest unicorn is born

2024-09-29

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source: investment community

it’s hefei again.

the investment community learned that jinghe integration announced this week that it plans to introduce external investors such as abc investment and icbc financial investment to jointly increase the capital of its wholly-owned subsidiary wanxin integration, amounting to rmb 9.55 billion. at present, the primary market is deserted, and such a large amount of financing is surprising.

speaking of which, the story of wanxin integration begins with jinghe integration - nine years ago, the hefei government introduced jinghe integration in order to attract investment for the layout of display driver chips. now it has emerged as a global leader in display driver chip foundry. with the rise of the automotive chip wave, jinghe integration has taken on the important task of being the automotive chip manufacturing center of anhui province, and thus there is today's protagonist wanxin integration - it has become a unicorn in less than two years since its establishment.

industry prospers the city, and similar investment cases have created today's industrial counterattack in hefei.

raised 9.5 billion in one fell swoop

hefei’s new unicorn is here

information shows that wanxin integration was established in 2022 and is wholly owned by jinghe integration. the company focuses on laying out 55nm-28nm display driver chips, 55nm cmos image sensor chips, 90nm power management chips, 110nm microcontroller chips and 28nm logic chips. product applications cover consumer electronics, automotive electronics and industrial control, etc. market areas.