China's Power-Micro Semi raises 30M yuan as state capital backs Wuxi chip cluster

What's the deal? Power-Micro SemiDealroom has a profile for this one. Try Dealroom →, a Jiangsu-based designer of power-management driver chips, has raised 30,000,000 CNY (about $4.4 million) in a strategic growth equity round. Wuxi's Xintou GroupDealroom has a profile for this one. Try Dealroom → led the deal, with Xinyuan CapitalDealroom has a profile for this one. Try Dealroom → participating.

What's the endgame? The company designs medium- and high-power power-management driver chips for the lighting, power-management, and mobile-product markets. It will direct the new capital toward research and development, production, and market expansion, aiming to become a mainstream supplier of power driver chips.

Why now? Power-Micro Semi has previously raised angel, Pre-A, and A rounds backed by investors including Innoangel, Wuxi NCE PowerDealroom has a profile for this one. Try Dealroom →, and Wuxi HaichuangDealroom has a profile for this one. Try Dealroom →. Its product line targets fast-growing solar and energy-storage applications, where demand for power-management chips continues to climb.

The signal: This round reflects a broader push by Chinese local state capital to reinforce regional semiconductor supply chains. By pairing state funds with industry capital around Wuxi's power-semiconductor cluster, the deal gives Power-Micro Semi a stronger position in a sector that has drawn steady funding since 2024.

Read more: ITJuzi

Image credit: Sangitiana