3 year old Chinese chipmaker ASR Microelectronics has raised a large Series B financing round totaling $100 million from major global and Chinese technology investor IDG Capital and investment fund Wanrong Hongtu.

This marks a very large funding round for the intelligent chip maker founded in 2015 and has now raised a total of $200 million in investment counting e-commerce giant Alibaba and the Shenzhen Capital Group as previous backers.

ASR has made 2 company acquisitions since its start along with an acquisition of  semiconductor manufacturer Marvell Technology Group’s mobile communications unit in a bid to grow its product and hardware ecosystem.

ASR currently manufactures chips for the smartphone and modem industry which it sells to various corporations.

Headquartered in Shanghai’s Zhangjiang Hi-Tech Park and with Research & Development teams across U.S. and Korea handling development of its mobile intelligent application terminals, IoT, Navigation and other consumer electronics chips, ASR stands as one of the major Chinese startups in the hardware market which have made use of high-tech innovation along with its huge capital to deliver intelligent chips to various global customers.

Another notable Chinese chip manufacturer is AI chip company Cambricon which raised a $100 million Series B round at a $2.5 Billion valuation just last month.

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