Qingdao Microelectronics Innovation Center completed a 550 million yuan investment in Goertek Microelectronics

Recently, Qingdao Microelectronics Innovation Center Co., Ltd. completed the Pre-IPO round of investment in Goertek Microelectronics Co., Ltd., with an investment amount of approximately RMB 550 million. Goertek Microelectronics' total financing amount in this round is approximately RMB 2.15 billion, and was jointly invested by 15 investors including Qingdao Microelectronics Innovation Center, CITIC Construction Investment, Shenzhen Linghui Cornerstone Equity Investment Fund, CCB International, and CICC Qichen Industrial Fund.

In this round of investment, Qingdao Microelectronics Innovation Center Co., Ltd. became the largest strategic investor. The innovation center is located in the second phase of the International Innovation Park on Songling Road, Laoshan District, and is positioned in the development, operation and management of microelectronics public platforms, product research and development, production, sales and technical services in the field of microelectronics, and investment management.

In recent years, Laoshan District, where the Qingdao Microelectronics Innovation Center is located, has been striving to build a microelectronics industry R&D highland in the northern coastal comprehensive economic zone and Qingdao Core Valley. Using the International Innovation Park and the Microelectronics Industrial Park as carriers, it has vigorously cultivated industries such as artificial intelligence, smart hardware, mobile smart terminals, 5G mobile communication technology, advanced sensors and wearable devices to become new economic growth points, and cultivated a good ecology for industrial development from innovative research and development at the source, production and manufacturing, to product application.

According to Tianyancha, Goertek Microelectronics is registered in Laoshan District, Qingdao. It is mainly engaged in the design, manufacture and sales of the company's MEMS microphones, MEMS sensors, microsystem modules and other related products. The products are mainly used in smart phones, smart wireless headphones, wearable products, automotive electronics and other fields. According to a research report by international research organization Yole Développement, in the 2019 global MEMS industry enterprise revenue ranking, Goertek Microelectronics ranked 9th and was the only Chinese company to enter the top ten in the world.

The microelectronics industrial park under construction in Laoshan District is mainly built for Goertek Microelectronics' intelligent sensor production line, serving a large number of global industry leaders. After all of them are put into production in 2024, they will have the capacity to produce 1 billion intelligent sensor systems annually, creating 3,000 new jobs, and will become the largest and most talent-intensive area in the domestic intelligent sensor industry. The microelectronics industry in our district will also officially enter the 10 billion-level industrial chain.

After this round of financing, Goertek Microelectronics will further increase talent introduction, expand the scale of business operations, and enhance the company's core competitiveness. Qingdao Microelectronics Innovation Center will continue to invest in outstanding local companies, introduce industry resources from multiple sources, efficiently enable companies to develop rapidly, and strive to build the "Qingdao Chip Valley".