Auto Chip Designer Oritek Closes Series A Funding

Smart vehicle processor designer Oritek (Chinese: 欧冶半导体) finished the Series A funding round led by SDIC. Many leading companies in the automotive industry also participated, they include Ningbo Joyson Electronic and Changzhou Xingyu.

The company's research and development personnel have rich working experience in the semiconductor sector. It has three R&D centres in Shenzhen, Shanghai and Zhuhai.

The management believed in the great opportunities of the automobile revolution. It aimed at the needs of end consumers to build product competitiveness, open cooperation with ecological partners, and jointly provide infrastructure capability to empower cars.

''The electrification and smartlization of the auto space will re-engineer the electric and electronic architecture, stimulating gigantic demands for chips and solutions in the fields of computing, sensing and connection. We value Oritek's successful experiences in providing end to end solutions and we are pleased to see its pragmatic product development line,'' said the managing director of SDIC Li Xiao.