Chinese semiconductor firm Brite snags $50m from Xiaomi, Oriza, others

China’s Brite Semiconductor Inc has raised 350 million yuan ($50 million) in a Series D round jointly led by Haitong Securities’ investment arm and semiconductor-focused Shanghai Sunic Capital.  

The round was joined by Chinese electronics giant Xiaomi Corporation’s joint fund Hubei Xiaomi Changjiang Industrial Fund, Oriza Holdings’s Oriza Hua, Teda Investment Holding, Shanghai International Group’s GP Capital, and Volcanics Venture, Brite announced on WeChat. 

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