BEIJING : Chinese auto chipmaker GTA Semiconductor recently completed a largely state-funded financing round worth over $1.8 billion, state-backed Securities Times reported on Wednesday, with the move described as a clear signal to the domestic chip manufacturing industry that Beijing is still willing to invest
With this injection of capital Shanghai-based GTA Semiconductor, one of China's largest auto chipmakers manufacturers by production, has in less than two years racked up over $2.7 billion of mostly state funds, according to the Securities Times.
Reuters could not determine whether the auto chipmaker's latest fund-raising was tied to this new fund or not.
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