Chinese chipmaker CanSemi rakes in $672m to expand production facilities

Chinese chipmaker CanSemi rakes in $672m to expand production facilities

Photo by Adi Goldstein on Unsplash

China’s CanSemi Technology has raked in 4.5 billion yuan (about $672 million) in a new funding round to invest in the construction of new facilities and expand its production of industrial and automobile chips.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter