Chinese semiconductor startup raises $100m in Pre-A round

Innostar pulls in state-backed funds for production of ReRAM and storage chips

20210407 China semi

Innostar says the Chinese memory chip market could comprise 14% of the global market by the end of 2024. © Reuters

LIYA SU, DealStreetAsia

SHANGHAI -- Shanghai-based semiconductor company Innostar has raised nearly $100 million in a Pre-A financing round led by returning backer Shanghai Lianhe Investment.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.