China's state-backed CPU developer Zhaoxin raises 'billions of yuan' in new funding

China's state-backed CPU developer Zhaoxin raises 'billions of yuan' in new funding

Photo by Infralist on Unsplash

China’s state-backed Shanghai Zhaoxin Semiconductor has secured “billions of Chinese yuan” in a Series A+ round of financing to advance the development of its central processing unit (CPUs), mainly used in desktop computers and servers.

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