GR Semiconductors Inc is a leading domestic developer of millimeter wave radar chips and technologies, deeply cultivating the application of millimeter wave radar sensors in the consumer, industrial, and automotive fields. The funds raised in this round will be used to accelerate the company's business expansion in the aforementioned fields, while strengthening the layout of the domestic supply chain and further enhancing the company's core competitiveness.
SGR Semiconducts Inc has completed the development of three millimeter wave radar chip product lines at 24/60/77GHz, targeting six segmented application scenarios and delivering millions of products. Its customers include Fortune 500 companies and the top 10 companies in the segmented industry worldwide. A solid foundation has been laid for the next stage of development with excellent transcripts. In the past year, after experiencing unfavorable situations such as the fluctuation of the Shanghai epidemic and the cooling of the semiconductor capital market, Sijie Micro has completed a new round of Pre C capital increase after the B+round of capital increase, fully demonstrating the optimistic application prospects of millimeter wave radar in the capital market and the recognition of the Sijie Micro team.
Dr. Lu Yumin, the chairman of the company, said, "We will further strengthen the construction of research and development, operation, and sales teams to serve the needs of our downstream customers with better products, higher flexibility, and faster speed. Together with upstream and downstream partners, we will create a new generation of millimeter wave radar perception ecology in China
Sunshine Ronghui Capital represents: With the trend of intelligent home appliances and intelligent transportation, millimeter wave radar is gradually replacing traditional sensors, providing higher precision and more reliable sensing functions. The penetration rate of millimeter wave radar in various industries is expected to steadily increase in the future. Sijie Micro products have leading performance in China, with rich product solutions such as chips, radar boards, and modules, which can flexibly cover the needs of customers in different fields such as downstream consumption and industry. We look forward to Sijie Micro becoming a leader in this field A leading enterprise in the meterwave radar industry
SGR Semiconductors Inc is a national high-tech enterprise specializing in the development of millimeter wave radar chips and technologies. There are design centers, production testing centers and sales offices in Jiading District, Changning District, Zhejiang Jiashan and Shenzhen respectively. The company's relevant chips have passed the AECQ verification of vehicle regulations. Our chips are applied in various fields such as automobiles, drones, home appliances, bathrooms, parking lots, dam monitoring, etc. Our clients include Fortune Global 500 and the top 10 companies in segmented industries worldwide. For more information, please visit www.sgrsemi.com
Riverhead Capital was established in January 2015 and is one of the first private fund management companies initiated by insurance funds in the Chinese insurance industry. After 8 years of development, the management scale of Sunshine Ronghui Capital Fund has reached 30 billion yuan, covering direct investment, master fund business, focusing on medical, emerging technology and other fields, focusing on "bottleneck" sub industries, and investing in "specialized, refined, and new" enterprises with high technological innovation.
