Fremont Micro Devices is a high-tech enterprise focusing on developing non-volatile memory products and high-efficiency power management solutions. It officially announced the completion of a CNY 500 million (USD 70.3 million) Pre-IPO financing round, led by Huaxun Found.
Fremont Micro Devices Corporation (Chinese: 辉芒微电子), an innovative technology company focusing on the field of non-volatile memory products and high-efficiency power management solutions, recently completed a CNY 500 million (USD 70.3 million) Pre-IPO financing round, led by Huaxun Found, with participation by Shenzhen Capital Group Co., Ltd, Hong Fu Xinghe Red Earth Fund, Guangzhou YUEXIU Industrial Investment Fund. Fremont Micro Devices will use the capital to maintain its dominance in several markets and expand its global layout.
Fremont Micro Devices focuses on "MCU+" chip design. The company adopts the Fabless business model. Fremont Micro Devices is one of the few IC design companies in China with the design and mass production capabilities of microcontroller units, power management integrated circuits and memory chips.
The company independently developed the EEPROM methods, and mass-produced EEPROM chips in 2005. Through continuous technical accumulation and innovation, Fremont Micro Devices successively launched PMIC chips, NOR Flash chips and MCU chips respectively in 2007, 2013, and 2015.
Fremont Micro Devices’s competitors include STMicroelectronics, Anvo System Dresden, Cypress Semiconductor, Maxim Integrated and ON Semiconductor.