The first phase of its optoelectronic chip industrialization project is expected to be completed and put into operation in the second half of 2022, with an annual output value of CNY 1 billion (USD 140 million).
Chip Developer H-Chip Tech (Chinese：华慧芯科技) announced its completion of a Series B financing round worth hundreds of millions of CNY. The round was led by China Merchants Venture, with participation from SCGC Group, Northern Light Venture Capital and China Jingjinji National Center of Technology Innovation.
The fund will be mainly used to build the company's optoelectronic chip industrialization project.
Founded in 2017, H-Chip Tech is in the upstream chip manufacturing segment of the optoelectronic industry. The company is dedicated to the design, R&D and production of micro and nano structured optical chips and laser chips.
Since its establishment, the company has been focusing on the application of optoelectronic technology in metaverse and smart city. At present, H-Chip Tech has cooperated with research institutes, unicorn technology companies, and outstanding firms in the optoelectronic industry to accelerate the R&D iteration cycle and carry out large-scale industrial applications.
Qu Di, founder and CEO of H-Chip Tech, said that the company will also expand its production lines in Guangdong, Hong Kong and Macau in the future.
The competitors of H-Chip Tech include Berxel Tech (Chinese:博升光电), Noeic (Chinese:光谷信息光电子创新中心有限公司) and Epihouse (Chinese:全磊光电).