US chip giants join $142m Series B round of China's Huaqin Tech

US chip giants join $142m Series B round of China's Huaqin Tech

Chinese original design manufacturer (ODM) of intelligent communication terminals Huaqin Communication Technology has secured over 1 billion yuan ($142 million) in a Series B round of financing.

Investors in the Series B round include Qualcomm Ventures, the investment platform of US  semiconductor giant Qualcomm, and Intel Capital, the investment arm of Qualcomm’s fellow Intel Corporation, according to a statement on late Thursday.

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