Shanghai ChipOn Microelectronics Technology, a China-based chip developer competing with Arm, has raised RMB100m ($14.7m) in series A funding from a consortium including local peer SAIC Hengxu.
Silicon Harbor Capital led the round, which also included investment firms Beyond Moore, Fed Securities and Ju Cheng Investment.
Founded in 2012, ChipOn will use the money to develop its microcontroller (MCU), a single computer chip designed for embedded applications, such as in cars.
