Earlier today (13th March 2020), data reports showcased that the Xiaomi Changjiang Industrial Investment Fund had invested in a Chinese fast charging chipmaker called Hypower Microelectronics. The investment fund was initially jointly created by Xiaomi back in 2017 and has strategically invested in multiple different fronts since.
Hypower Microelectronics Co Ltd was established back in March 2018, with its business operations primarily revolving around circuitry and wholesale of integrated circuit chips. The company is represented by Wang Qiang who also owns 36.71 percent of the stakes in the Hypower. And now, Xiaomi has also invested in the company and secured a 9.92 percent stake as well.
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According to public data reports, Hypower is currently developing integrated circuits, with a special focus on reducing the overall power supply while also boosting the efficiency of the same. In recent times, Xiaomi has invested heavily in the field of microelectronics and chipsets, which is evident with its latest investment.
However, it doesn’t end there, as the Xiaomi Changjiang Industrial Investment Fund had just invested in a semiconductor company called, Senscomm last month as well. The firm used the funding to develop and mass produce various new Wi-Fi 6 standard AIoT products. This investment is also in line with the Chinese government’s (Note: the local government also had a stake in the investment fund) initiative to encourage local businesses to develop proprietary core technologies and products such as chips.
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(Via)
