Qixin Micro Semiconductor Achieves Major Milestone with Successful Financing

Recently, Qixin Micro Semiconductor reached an important milestone in its development process by successfully completing hundreds of millions in financing. The company has gained recognition from well-known investors in the market, including the Beijing Xiaomi Zhizao Equity Investment Fund, Hainan Jimo Venture Capital, Beijing Advanced Manufacturing Industry Fund, and Gongshun Investment Fund, all contributing to the company's advancement to a new level. Additionally, the company will officially relocate to Shunyi District in Beijing. With the support of industrial partners, shareholders, and local governments, the company aims to amplify its technological and product advantages to better serve downstream customers and promote high-quality development in the automotive industry, forming a positive cycle of technology, industry, and capital. As an innovative enterprise focused on the core control chips of the next-generation vehicle electronic and electrical (E/E) architecture, Qixin Micro has established outstanding advantages in technological breakthroughs and market expansion. Currently, its business network widely covers leading Tier 1 suppliers and mainstream automotive manufacturers. As the company approaches its five-year anniversary, Qixin Micro has shipped over ten million units of its FC4150 series automotive-grade MCU products based on the ARM Cortex M4 architecture. The new generation of multi-core ASIL-D high-end automotive-grade MCU products, based on the ARM Cortex M7 architecture, has begun mass production in January 2025, with orders exceeding one million units. This round of financing will further solidify the company's leading position in the domestic high-performance, high-functional safety controller chip sector and deepen the collaboration along the industrial chain. This financing marks a new starting point for a steady advancement into a new stage of commercial development. Sun Changxu, Managing Partner of Xiaomi Group's Industry Investment Department, stated that Qixin Micro positions itself in the domestic mid-to-high-end automotive MCU market, leading in product capability, and has gained recognition from several first-tier domestic car manufacturers, especially regarding the mass adoption of the M7 series chips, which is relatively scarce in the domestic market. This investment is expected to facilitate Qixin Micro's rapid development in the future. The newly appointed CEO of Qixin Micro, Zhang Lei, emphasized that the company consistently adheres to a long-termism philosophy and maintains strategic stability regarding high-performance automotive controller chips, strictly following the objective development rules of high-functional safety level controllers, placing product quality and R&D management at the core. In applications requiring high safety levels, such as vehicle domain control, chassis, and new energy three-electric systems, the company is gradually breaking the monopoly of European and American manufacturers on automotive controllers, making positive contributions to the localization of the industry from scratch. The successful completion of this financing reflects the recognition of Qixin Micro's industry-leading position by the capital market and major automotive enterprises, providing solid financial support for transforming early-stage R&D accumulation into commercial returns. Additionally, the investment from Beijing and Shunyi District will significantly accelerate the company's subsequent integration of all industrial resources, aiding its development of a domestic IP system for high-performance, high-safety-level automotive controllers and achieving vertical integration of the entire supply chain.