Eswin raises $283M to boost chip production in China

Beijing Eswin Computing Technology, a Chinese startup that supplies semiconductor design and solution provider, has raised $283 million in a new financing round at a time when the world’s most populous nation is looking to cut its reliance on the U.S. and UK for chipsets.

The four-year-old firm said the new round, Series B, was led by Legend Capital, the investment arm of computer vendor Lenovo, and IDG Capital. Riverhead Capital Investment Management, Lighthouse Capital, and state-backed Haining City and Zhejiang Province participated in the round.

Eswin Computing develops integrated chips and solutions focused on displays and videos, AI

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