Radio frequency filter and module manufacturer StarShine Semiconductor has raised $137.6 million in its Series B investment round.
All electronic equipment must have RF filters since they can either receive or block specific frequencies. This means that wireless communication makes it possible for data and speech to travel over the airways without interruption.
Read also – SaudiArabia-Based Sweeply Secures $2 Million In Seed Round Funding
According to the statement, the state investment platform of Wenzhou City and the telecom behemoth China Mobile participated in the round.
The Wenzhou-based company, which was founded in November 2020, previously raised 100 $14.5 million in an equity financing round in September 2022 from a number of local investment firms, including Anxin Capital, Fenghua Capital, and Walden International, in addition to the mobile terminal applications company Shenzhen eCell Communication Technologies.
Read also – Israel-Based Sensi.AI Secures $31 Million In Series B Funding
The company, which has offices in Shanghai, Chengdu, Shenzhen, Xi’an, and Suzhou, enters the RF front-end industry, which has historically been controlled by international companies such as Skyworks, Qorvo, Broadcom, Qualcomm, and Murata.
As China intensifies its endeavors to attain chips self-sufficiency, companies such as StarShine are garnering increased investment interest.
As the nation works to become self-sufficient in semiconductors, Chinese chip companies closed the most deals in May. 24 businesses in the strategic sector raised $243.9 million in total.
About StarShine
StarShine Semiconductor was founded in November 2020. Technology company develops, manufactures, and distributes RF filter chips and front-end modules. Many of their processors are used in Apple, Samsung, and other flagships.
