In a Series B investment round, Chinese chipmaker ICleague Technology has raised undisclosed amount funding.
A number of regional investment firms participated in the round, including Chinese brokerage business CMB International, venture capital firm Puhua Capital, state-owned investment platform Wuhan Optics Valley Industrial Investment, and others.
ICleague Technology was established in November 2018 and specialises in heterogeneous chip integration, a novel approach to chip manufacturing that combines various circuits to improve functionality and save costs.
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With its headquarters located in Haining, ICleague has already finished its Series A funding round in 2021, with FutureX Capital and Puhua Capital among its participating investors.
The investment is made at a favourable moment for Chinese semiconductor companies, as the government is working to make chips self-sufficient. Comparable to Q4 2023, Chinese semiconductor companies closed 108 agreements in Q1 2024, demonstrating their ongoing attraction to investors.
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About ICleague
ICleague provides heterogeneous integrated chip technology platforms. Haining, Zhejiang Province, is its headquarters, while Shanghai is its R&D centre.The company offers system solutions (SOH™ IP and design services), chip matching (VHSM™ and other auxiliary chips), and integrated manufacturing (3D and 2.5D heterogeneous integrated system hardware implementation) for heterogeneous integration technology solutions, guiding customers to meet high computing power, bandwidth, and low power consumption requirements.
