Xiaomi has backed a $50.2m round that lifted the total raised by the SMIC-backed chipmaker to more than $80m in just over a decade.

China-based fabless semiconductor producer Brite Semiconductor has raised RMB350m ($50.2m) in series D funding from investors including consumer electronics manufacaturer Xiaomi, China Money Network reported on Friday.

Steel manufacturing and logistics conglomerate Teda Investment Holding also took part in the round, which was co-led by securities firm Haitong Securities and industrial investment platform Sunic Capital.

The round was filled out by Oriza Hua, an integrated circuits-focused fund for investment holding group Oriza Holdings, as well as Volcanics Venture,…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
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