Technology Author：Boying Ji Editor：Tao Ni May 31, 2022 07:41 PM (GMT+8)

Hjmicro completed the Angel and pre-Series A financing round worth CNY 800 million, led by Walden International, Hillhouse Ventures, and CDH VGC. This round of financing will be used to strengthen the company’s CPU technologies.

Semiconductor chip

Hangzhou Hongjun Microelectronics technology (Hjmcro, Chinese: 鸿钧微电子), a company that is committed to R&D of Central Processing Unit (CPU) based on Acorn reduced instruction set computer (RISC) Machine (ARM) architecture, announced its Angel and pre-Series A funding round today, news portal 36kr.com reported.

These two rounds are led by Walden International, Hillhouse Ventures, and CDH VGC, with participation by Biren Tech, Xinlanwei, Chendao Capital, Xingrui Capital, and other industry-leading institutions.

The funds will mainly be used for team expansion which is required for high-performance CPU research and development and related research and development infrastructure construction.

Shen Rong, the chairman, CEO, and founder of Hjmcro, said that the traditional x86 architecture processor has increasingly faced the huge challenge of how to balance high core count, high performance, and low cost.

ARM, with the natural advantages of its architecture and the great progress in performance and ecology in the past 10 years, has begun to become more competent in the needs of the data center, Shen added.

CPU is one of the most important main sectors in the semiconductor industry. Its global annual capacity exceeds hundreds of billions of CNY. With the further development of digital society and cloud computing, the CPU market value will maintain its rapid growth, according to 36kr.com.

IDC showed that server shipments in China are expected to reach 5.252 million units in 2025, with market value of USD 35 billion. Today, Huawei, Feiteng, and T-Head of Alibaba Group (9988. HKG) have all launched domestic ARM CPUs.