Chinese semiconductor firm AkroStar raises over $78m led by Gaorong Capital

Chinese semiconductor firm AkroStar raises over $78m led by Gaorong Capital

Chinese chip company Xin Yaohui Technology Co., Ltd (AkroStar) has raised over 500 million yuan ($78 million) in its Series A round led by returning investor Gaorong Capital. 

This puts the corpus raised by AkroStar, that offers semiconductor intellectual property (IP) services to chip makers, to 1 billion yuan ($155 million), according to the company statement. 

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