China chip designer Memsic raises $155m
Memsic, a Chinese semiconductor design company that was privatized with support from IDG Capital in 2013, has raised more than RMB1 billion ($155 million) led by an industry fund under Hangzhou Fortuna Investment Management.
Other participants include Yunfeng Capital, Olympus Capital, Yangtze River Delta Synergy Industry Fund - which is managed by Shanghai International Group - and an unnamed Asian sovereign wealth fund. The...
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