Fuzhou Rockchip Electronics Co.,Ltd. announced that it has received funding from Summitview Capital, Huaxin Investment Management Co., Ltd., Fortune Venture Capital Co., Ltd., and other investors
November 11, 2018
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Fuzhou Rockchip Electronics Co.,Ltd. (SHSE:603893) announced a private placement of common shares on November 12, 2018. The transaction involved participation from new investors Summitview Capital for 5.29%, China Integrated Circuit Industry Investment Fund Co., Ltd., a fund managed by Huaxin Investment Management Co., Ltd. for 7%, Fortune Venture Capital Co., Ltd. for 1.41% stake, several government funds and venture capital firms.
Rockchip Electronics Co Ltd, formerly Fuzhou Rockchip Electronics Co Ltd is a China-based company mainly engaged in the design, development and sales of large-scale integrated circuits and application solutions. The Company provides customers with chip-related products and technical services. The Company's main products include intelligent application processor chips, power management chips, other chips, and combination devices related to self-developed chips. The Company distributes its products in domestic market and to overseas markets. The Company's products are used in multiple fields such as intelligent IoT, consumer electronics, automotive electronics, mobile phone communications, and artificial intelligence.
Fuzhou Rockchip Electronics Co.,Ltd. announced that it has received funding from Summitview Capital, Huaxin Investment Management Co., Ltd., Fortune Venture Capital Co., Ltd., and other investors