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Sources: Shenzhen government-owned chip equipment maker SiCarrier, a key Huawei supplier, is seeking ~$2.8B at an $11B valuation in its first fundraising round (Reuters) https://t.co/eUId5Ogx4Z https://t.co/RHRaS2nI4u https://t.co/ZOzeer1FAj
#SiCarrier is seeking to raise US$2.8 billion in its first funding round, targeting a valuation of around US$11 billion. Closely linked to #Huawei, the firm has emerged as a key player in China's national drive for chipmaking self-sufficiency. https://t.co/53HkLEsvFo
Exclusive: SiCarrier - Huawei partner in chips - seeks $2.8 billion in funds, sources say https://t.co/iRChovG8ua https://t.co/iRChovG8ua
SiCarrier, a Shenzhen government-owned chip equipment manufacturer closely linked to Huawei, is seeking to raise $2.8 billion in its first fundraising round. The startup aims for a valuation of approximately $11 billion. SiCarrier has emerged as a key player in China's national drive for chipmaking self-sufficiency, reflecting the country's strategic focus on developing its domestic semiconductor industry amid global supply chain challenges. The funding effort underscores the importance of SiCarrier in supporting Huawei and advancing China's ambitions in chip equipment manufacturing.
