The Lenovo-backed system-on-chip product maker secured over $150m in a series B round co-led by China Development Bank Capital and China V Fund.
Nanjing SemiDrive Technology, a China-headquartered system-on-chip product manufacturer backed by computing technology provider Lenovo, raised almost RMB1bn ($154m) in series B funding today, DealStreetAsia reported.
China Development Bank Capital, a subsidiary of China Development Bank, co-led the round with private equity vehicle China V Fund, and it included a sub fund for Zhangjiang Group, the operator of industrial hub Zhangjiang Science City.
Financial services firm Bank of China’s BOC International unit filled out the round with Shanghai International Group’s Shanghai…
