Chinese FPGA startup raises first funds

Chinese FPGA startup raises first funds

Business news |
By Peter Clarke

FPGA startup Suzhou Yige Technology Co. Ltd. (Suzhou, China) – otherwise known as EagleChip – has raised 286 million yuan (about US$41.5 million) in an “angel” round of funding.

EagleChip was founded in January 2022 and intends to compete against the likes of Xilinx, part of AMD, and Altera, part of Intel. EagleChip has more than 80 employees, including 9 technical leaders who have returned from overseas.

The company intends to launch 500k look-up-table (LUT) FPGA products within two years to fill a gap in the market for domestic high-end FPGA chips.

The money is being provided by Matrix Partners China, Red Dot China, Sequoia China, Heli Capital, and Guangyue Investment.

Wang Jingpo, is the founder and CEO of EagleChip.

EagleChip already has some domestic competition. Gowin Semiconductor Corp. (Guangzhou, China) was founded in 2014 and offers a broad range of SRAM- and flash-based FPGAs but not at the high LUT capacities that EagleChip is aiming.

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