Editing by Greg Gao

GTA Semiconductor, a leading analog foundry in Shanghai, announced the completion of a strategic financing round of RMB8 billion($1.26 billion) on November 30.

This round of financing for GTA Semiconductor(积塔半导体) is led by Huada Semiconductor(华大半导体), the parent company and one of the top 10 Chinese IC design companies headquartered in Shanghai.

Other investors include China Internet Investment Fund(中国互联网投资基金), Skyworth Group (创维), Xiaomi Changjiang Industrial Investment Fund(小米长江基金), Shanghai Free Trade Zone Equity Fund (上海自贸区基金), CITICPE (中信产业基金), CICC Capital (中金资本).

The announcement by Huada said this round of financing would greatly help GTA leverage its automotive chip manufacturing advantages and increase the R&D of manufacturing processes for automotive power management chips, IGBTs, and SiC power devices. The company hopes to expand its auto electronics manufacturing capacity, further consolidate its advantages in auto analog devices and power devices, and alleviate the automotive electronics shortages problems. Its goal now includes supporting China achieve its long-term targets of reaching peak carbon emissions before 2030 and achieving carbon neutrality by 2060.

GTA was founded in 2017 in Shanghai as a wholly-owned subsidiary of Beijing-headquartered Huada Semiconductor, affiliated with CEC (China Electronics Corporation).

GTA is a leading dedicated analog foundry focusing on manufacturing analog and power discrete ICs. It possesses wafer production lines of 5-inch, 6-inch, and 8-inch. Its products are widely used in high-end applications such as automotive electronics, industrial control, power management, smart terminals, rail transit, and smart grids.