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British chip design company Sondrel's sale of 49.2% stake approved by government

Latest update time:2024-06-11
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Daily Chip News

Issue 0611

British chip design company Sondrel's sale of 49.2% stake approved by the government

Sondrel Holdings plc (Sondrel), a UK chip design company, has received government approval to sell a 49.2% stake to ROX Equity Partners Ltd. (ROX). ROX, a UK-based private equity investment holding company, has subscribed for more than 56 million shares at 10 pence per share, raising £5.6 million for Sondrel as part of the company's refinancing plan following the resignation of CEO Graham Curren as the company faces restructuring. The plan requires the approval of the Secretary of State under the UK National Security and Investment Act 2021.

The 3 billion yuan CICC Zhongxin (Anhui) Emerging Industry Fund was launched, investing in new generation information technology and other fields

Recently, the signing ceremony of the second phase sub-fund of Anhui Province's Sanchong Yichuang Industry Development - CICC Zhongxin (Anhui) Emerging Industry Fund (hereinafter referred to as: CICC Zhongxin Fund) was held, marking the official launch of the fund. According to the news from Anhui Provincial High-tech Investment, CICC Zhongxin Fund was established by Anhui Provincial Investment Group, CICC Capital, BOC Asset Management, Tianchang City and other parties. The fund size is 3 billion yuan, and it plans to focus on new energy and intelligent networked vehicles, new generation information technology, life and health and other emerging industries. It will effectively play the role of the fund as a "link" and "engine", create value for investors, and add momentum to Anhui's industrial development.

❸Pads Interconnect received 100 million yuan in financing to further promote the development of the board-level EDA market

Recently, Chengdu Paiz Interconnect Electronic Technology Co., Ltd. has once again received an additional investment of 100 million yuan from the industry, which will further promote the company's rapid development in the domestic board-level EDA market. According to the information from Beite Fund, Paiz Interconnect is a mature domestic board-level EDA software and comprehensive solution provider. In the first half of 2024, it has created an independent and controllable board-level EDA tool SailWind. In addition, Paiz Interconnect plans to launch a new generation of SailWind4.0 products with multiple functions such as cross-platform, AI-enhanced design, and component management integration in the second half of 2024.

Pika received another 580 million yuan in financing and will launch a new video generation model in the second half of the year
According to media reports, Pika Labs, an AI video generation startup founded by post-95 "genius girl" Guo Wenjing, announced on its official website that the company has recently completed a US$80 million (approximately RMB 580 million) Series B financing. This round of financing was led by Spark Capital, with participation from Greycroft, Lightspeed Venture Partners and Jared Leto. After this round of financing, Pika's total financing has reached US$135 million, and its valuation will exceed US$470 million (approximately RMB 3.4 billion).


Overseas News
❶Luwei Optoelectronics plans to raise 737 million yuan to invest in semiconductor mask and other projects
Recently, Luwei Optoelectronics announced that it intends to raise no more than RMB 737 million by issuing convertible corporate bonds to unspecified objects. The net proceeds after deducting the issuance expenses will be used for the expansion of semiconductor and high-precision flat panel display mask production projects, the acquisition of Chengdu Luwei minority shareholders' equity projects, replenishment of working capital and repayment of bank loans. Luwei Optoelectronics' main product is the mask, which is the pattern transfer master in the microelectronics manufacturing process and an important key material in the production and manufacturing process of flat panel display, semiconductor, touch screen, circuit board and other industries.
❷The world's first chip-based 3D printer is born: smaller than a coin, with no moving parts
Recently, MIT announced that researchers from the school, in collaboration with a team from the University of Texas at Austin, have successfully developed the world's first chip-based 3D printer prototype, which is even smaller than a coin. This printer uses a photonic chip to focus a beam of light into a resin tank. Unlike the traditional bulky design that relies on a robotic arm and a motor to change the focus of the beam, the chip-based printer cleverly uses a micro-optical antenna to manipulate the beam to achieve the desired shape for printing, effectively saving space and completely eliminating moving parts.
❸With the support of Jack Ma and Bill Gates Foundation, the US AI mining unicorn will invest more than 16 billion to develop Zambia copper mines
On June 11, KoBold Metals Co. (hereinafter referred to as KoBold), an AI prospecting technology startup headquartered in Silicon Valley, announced that it plans to invest $2.3 billion (about 16.67 billion yuan) to start a copper mining project in Mingomba, Zambia, and build a new large copper mine. In terms of financing, KoBold has received more than $400 million in financing, with investors including Microsoft founder Bill Gates' climate technology venture capital firm Breakthrough Energy Ventures, Amazon founder Jeff Bezos, Alibaba Group founder Jack Ma, Silicon Valley venture capital firm a16z (Andreessen Horowitz), etc. Currently, KoBold is valued at more than $1 billion, a "unicorn" enterprise.
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