Ninestar's chipmaker subsidiary, Apex Microelectronics, raised the cash from investors including Gree Electric's Zhuhai Gree Financial Investment Management.
Apex Microelectronics (Apexmic), a semiconductor subsidiary of printing and imaging product maker Ninestar Corporation, secured RMB3.2bn ($489m) last week from investors including home appliance manufacturer Gree Electric Appliance, DealStreetAsia reported today.
Gree Electric invested through its Zhuhai Gree Financial Investment Management unit, joining 11 others including China Integrated Circuit Industry Investment Fund (ICF) II, which led the round, Goldstone Investment and Hengqin Financial Investment.
Formed in 2004 in the city of Zhuhai, Apexmic produces microcontrollers, chips for smart printers and…
