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Startup Funding: May 2020
It was a good month for semiconductor startups, with investment spanning a larger company in later funding rounds to brand new seed funding for two chip manufacturing startups. Two AI hardware startups bridge data center and edge, plus EV companies around the world get funding. In total, the eighteen startups profiled this month raised $446.3 million.
Semiconductor & design Shanghai-based ASR Microelectronics drew $119.0M in a Series D funding round led by China Internet Investment Fund. Sequoia Capital China, Hillhouse Capital, Zhangjiang Group, TCL Capital, Shanghai STVC Group, SPINNOTEC, Shanghai Free Trade Zone Equity Fund, CBC Capital, and GL Ventures also participated in the round. ASR focuses on mobile communications, IoT, and smartphone chips. Founded in 2015, ASR acquired the Mobile Business Unit of Marvell in 2017. The company has raised over $333M to date.
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