Nio Capital reportedly led investment in Chinese CPU maker CIX Technology

 

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CIX Technology, a Chinese start-up that makes computer CPUs based on the ARM architecture, recently raised $50 million in a new round of funding, co-led by NIO Capital and Qiming Venture Partners, reported Chinese tech news outlet LatePost.

Other investors include Sky9 Capital, CoStone Capital, CAS Star, Harvest Capital Management, Bertelsmann Asia Investments, and Oriza Hua.

That’s CIX Technology’s fourth funding round in its nine months of existence, giving it a post-investment valuation of about $300 million, according to the report.

CIX Technology’s founder, Sun Wenjian, is the former head of AMD’s customer customization division in China. He believes the time is ripe to start a business in the field of CPUs based on the ARM architecture after Apple’s release of the M1 chip in November 2020.