"HPMicro Semiconductor" Completes Nearly 100 Million Yuan Series B Financing

Automotive Author: EqualOcean News Editor: Leci Zhang Jun 20, 2024 05:12 PM (GMT+8)

Shanghai HPMicro Semiconductor Co., Ltd., a domestic high-performance microcontroller manufacturer, recently completed nearly 100 million RMB financing. The funds will be used to enrich product lines and expand market presence in industrial automation, new energy, and automotive electronics. With the national "dual carbon" strategy, the demand for MCUs in smart manufacturing is increasing, and the global market is expected to reach $32 billion by 2028.


EqualOcean has learned that Shanghai HPMicro Semiconductor Technology Co., Ltd. (hereinafter referred to as "HPMicro Semiconductor"), a domestic high-performance microcontroller manufacturer, recently announced the completion of a new round of nearly CNY 100 million in financing. This round of financing was led by TTGG Ventures, with participation from Tianjin Yongtai Haihe, Hangzhou Yuanyan Equity Investment Fund, and Sawn Tech. The funds raised will primarily be used to expand its high-performance microcontroller product line and to develop and expand its market presence in the three major fields of industrial automation, new energy, and automotive electronics, especially accelerating its efforts in smart driving, robotics, and edge AI chips.

With the continuous implementation of the national "dual carbon" strategy, new energy power systems centered on wind power, solar photovoltaics, and advanced energy storage technologies are rapidly becoming a major component of China's energy structure. Meanwhile, the rapid expansion of smart manufacturing fields such as the Internet of Things (IoT), smart home, wearable devices, automotive electronics, and industrial automation is underway. Among these, the microcontroller unit (MCU), as the core component of modern electronic systems, is increasingly in demand for industrial control MCUs.

According to a report by Yole, the global MCU market size in 2023 is approximately 22.9 billion USD and is expected to grow at a compound annual growth rate of 5.3% to reach 32 billion USD by 2028. Regarding domestic manufacturers, the global MCU market, especially MCU products for real-time control, has long been dominated by overseas chip giants. In recent years, domestic high-performance MCU products have been rapidly advancing in the face of the upgrading needs of industrial automation and intelligent vehicle applications.

HPMicro Semiconductor was established in June 2020 and is a semiconductor company dedicated to high-performance embedded solutions. Headquartered in Shanghai, it has branches in Tianjin, Suzhou, Shenzhen, and Hangzhou. The core team members are all from world-renowned semiconductor companies, with 90% of the staff engaged in research and development. The team boasts over 15 years of experience and more than 20 SoC projects.

Chip design capability is one of the core competencies of MCU suppliers. In addition, the ability to build an ecosystem is also crucial for creating differentiated advantages. In terms of building a software and hardware ecosystem, HPMicro Semiconductor's products cover microcontrollers, microprocessors, peripheral chips, and supporting development tools and ecosystems. Its currently mass-produced high-performance general-purpose MCU products include the HPM6700/6400, HPM6300, HPM6200, HPM5300, and HPM6800 series, all of which have obtained AEC-Q100 certification.