Xiaomi invests in BYD Semiconductor to expand into the automotive component business

Staff reporter, Shanghai; Joseph Tsai, DIGITIMES Asia 0

China-based Xiaomi has invested a total of CNY50 million (US$7.06 million) in a Series A+ round of financing that BYD arranged for its chipmaking affiliate BYD Semiconductor. Xiaomi has acquired a 0.49% stake in BYD Semiconductor.

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