Jiaxing Star Microelectronics Co., Ltd. announced that it will receive CNY 71,331,800 in a round of funding on April 7, 2023. The transaction will include participation from returning investor StarPower Semiconductor Ltd. Upon closing, the registered capital of the company will increase from CNY 2,037,999,800 to CNY 2,109,331,600. The transaction has been approved in the 22nd meeting of the company’s 4th directorate and the 22nd meeting of the 4th supervisory board.