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Dutch semiconductor company seeks investment for their new products-WIFI6 Bluetooth.
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|Expected target net rate of return after deducting all taxes and fees||N/A|
|Validity period of pending order||365|
Assistant Manager, International Business Advisory
|Project highlights||Round a financing: RMB 80 million
• mainly used for product development
• create the first main product (Bluetooth dual-mode audio streaming media core)
• section ⼀ mass production and sales of products
Round B financing: RMB 160 million
• end of 2021-2023
• create the second main product (WiFi 6)
• mass production and sales of two products
The semiconductor company, former part of Philips Semiconductor, provides chip development services in wireless communications, RF technology, analog and mixed signal processing, vehicle radio broadcasting and other fields. The European technology team is located in the Netherlands and its members have more than 10 years of RF industrial product R&D experience. Based on nearly 30 years of R&D accumulation, the company plans to develop a new generation of Bluetooth chip (TWS, SOC). The company has a mature WiFi 5 underlying architecture system, and has carried out some WiFi 6 architecture research and development in 2019, which will be regarded as the strategic goal of the first phase. At the same time, it will continue to provide technical services for existing and potential domestic customers and explore the possibility of in-depth cooperation. The initial R&D team is expected to be 20 people in Europe and 10 in China. With the development of product R&D, the domestic team plans to expand rapidly, so as to realize rapid iteration at the digital end and application end. The European team will grow steadily, mainly focusing on the R&D of core RF technology, mass production of products and subsequent application end operation and maintenance, all of which are located in China. At present, it is planned to achieve rapid growth of at least two main lines of business within five years and plan to be listed.
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