Xingchi Technology Secures Nearly $100M Series C Funding to Accelerate Automotive and Embodied AI Chip Development

On May 13, automotive-grade chipmaker SemiDrive Technology announced the completion of a nearly $100 million Series C financing round. The round was led by Suzhou Industrial Investment (Su Chan Tou), with Shaanxi Automobile Hongde Investment joining as a new strategic shareholder. Additional participants included Yizhuang State-owned Capital Investment, Beijing Advanced Manufacturing Fund, Xi’an Financial Holdings, and Yizhong Gengtai. The proceeds will be used to strengthen SemiDrive’s technological moat, mass production capabilities, and industrial ecosystem in the automotive-grade chip sector, as well as to expand its full-stack chip solutions from automotive applications into embodied intelligence. Suzhou Industrial Investment was established in 2025, controlled by Suzhou State-owned Investment Group, with strategic stakes held by Yuanhe Holdings and Suzhou Venture Capital Group. It focuses on national strategic industries and prioritizes support for leading enterprises in key industrial chains and the industrialization of frontier technologies. Shaanxi Automobile Hongde Investment stated that its investment aims to enhance collaboration between automakers and core chip suppliers, ensuring the security and controllability of the automotive supply chain. SemiDrive is one of the few global companies possessing both SoC and high-performance MCU automotive-grade chip development capabilities. To date, it has shipped over 12 million chips, serving all of China’s top ten automotive OEM groups and seven of the world’s top ten. Chou Yuqing, Founder and Chairwoman of SemiDrive, said the financing reflects strong recognition from both capital markets and the industry of the company’s technical strength and strategic vision. Going forward, SemiDrive will continue investing in AI-powered intelligent cockpit solutions, high-end intelligent control chips, and expanding its chip portfolio into embodied intelligence.