According to media reports, Changjiang Industrial Fund, a subsidiary of Xiaomi, led the A-round financing of Suzhou Wi-Fi 6 chip design company Sutong semiconductor. In addition, this round of investors also included Yaotu Capital, which is also Xiaomi’s first Wi-Fi 6 chip design company. The first related field investment dynamics after Fi 6 routers.
Founded in July 2018, Sutong Semiconductor is headquartered in Suzhou Industrial Park. The official website shows that they are a fabless semiconductor company focusing on the development of next-generation wireless systems on a chip. The founding team is from Silicon Valley and South Korea. The experts in the core R&D engineering team have more than 20 years of experience in chip mass production and development, and have worked in world-renowned wireless semiconductor companies such as Qualcomm, Samsung, SK Telecom, and GCT semiconductor.
It is reported that the core team has developed and mass-produced more than 20 Wi-Fi/Bluetooth/cellular 4G wireless SoC chipsets. In addition, they also have extensive experience in Wi-Fi 6 standardization, and are currently focusing on developing the latest generation of Wi-Fi 6 chipsets and accelerating the mass production process.
Wi-Fi 6 is one of the newest and most efficient wireless technologies available today, enabling faster speeds, longer coverage, and lower power consumption by introducing technologies including Orthogonal Frequency Division Multiple Access (OFDMA) The wireless network can increase the density of the network, which is suitable for complex IoT environments.
At the previous Xiaomi 10 conference, Xiaomi brought the first router that supports Wi-Fi 6 network technology: Xiaomi AIoT router AX3600, priced at 599 yuan. It is also expected that Xiaomi Industry Fund will lead the investment in the Wi-Fi 6 chip design company. Presumably they will launch more products that support Wi-Fi 6 in the later stage.
Finally, Sutong Semiconductor did not disclose the specific amount of this A round of financing, but the funds will be mainly used to expand the engineering team to further invest in research and development and mass production of cutting-edge SoC products based on Wi-Fi 6 technology, and promote its consumption in consumption. applications in consumer, enterprise and IoT markets.
Author: Wu Pan