Since this year, the Mini/Micro LED development is in full swing, the industry chain related enterprises are favored by the capital market, take the driver chip field as an example, after the Mini/Micro LED driver chip related manufacturers Yuanxu Semiconductor, Yu Chuang Semiconductor, Huayuan Zhixin Semiconductor and other completed a new round of financing, recently, Another MiniLED backlight driver chip company has announced financing.
On July 11, Beijing Xingenuo Microelectronics Co., LTD. (hereinafter referred to as Xingenuo) announced the completion of A Series A financing of nearly RMB 100 million. This round of financing is jointly led by China Automotive Investment and Longma Peak Venture Capital, followed by old shareholders IDG Capital and Meituan Dragon Ball. The funds will be mainly used for core technology construction and product research and development, as well as the development of innovative application scenarios and business expansion.
Data shows that, founded in September 2020, Xingronuo is a high performance digital-analog mixed signal chip design and research and development enterprise. Currently, Xingronuo has three product lines: miniled backlight driver chip, Brushless DC motor (BLDC) control and driver chip, and high performance digital power chip.
Up to now, Xingenuo has completed several rounds of financing, with accumulated funds reaching hundreds of millions of yuan. Investors include Guoqi Investment, Longma Peak Venture Capital, IDG Capital, Meituan Dragon Ball and Xiaomi Changjiang Industrial Fund.
With centers set up in Beijing, Tianjin, Shenzhen and Silicon Valley, our team can independently complete the whole process of chip design, including system architecture design, digital and analog design, digital and analog hybrid verification, back-end design and automatic testing. We have successfully mass-produced many kinds of chips, and have formed deep business cooperation with many industry benchmark customers.
In terms of products, Xingro can fully support direct drive (constant current source mode), PM row scan (multi-channel multi-scan) and AM active drive and other technical routes, covering different applications from TV, monitor, Notebook, Tablet PC, in-car display to VR.
In view of the emerging AM driver technology, Chipmaker will also launch 4-channel AM MiniLED backlight Driver chip in the near future. The official website shows that the chip adopts patented high-speed single-wire bus communication technology, single wire can series hundreds of chips, single-side wiring can support thousands of zoning MiniLED screen applications, PCB/ glass substrate can be used.