Chinese appliance giant Midea has invested in the establishment of a semiconductor technology company, Meiken Semiconductor Technology Co.
The company was established on January 26 with a registered capital of RMB 20 million yuan ($3 million).
The company's business scope includes electronic component manufacturing, electronic component retailing, integrated circuit chip and product manufacturing, integrated circuit chip and product sales, semiconductor discrete device manufacturing, semiconductor discrete device sales, transformer, rectifier and inductor manufacturing, integrated circuit manufacturing, and advanced power electronic device sales.
In the last decade, the semiconductor industry has become an investment hotspot in China, with Tsinghua Unigroup topping the list of the decade with a single financing amount of RMB 150 billion.
In 2020, there were 458 investment and financing events in this industry, with a total amount of RMB 109.769 billion, ranking second in both the number and amount of investment and financing in the past decade. The highest financing amount was taken by SMIC, with a total of $19.85 billion.
In a globalized world, although China uses more than half of all chips, China's own semiconductor industry is still very weak.
The compensatory development of Chinese semiconductors to ensure the security of the supply chain is indeed an important factor in this wave of semiconductor start-ups. The security of the supply chain makes the development of China's chip industry a necessity.
The future trend of a digital society constructed by AI + 5G + IoT gives nascent Chinese chip companies the possibility of development and triggers a wave of investment in the semiconductor industry.
