Xiaomi, Oppo invest in Chinese chip startup

Xiaomi, Oppo invest in Chinese chip startup

Business news |
By Peter Clarke

It is not known how larger stake the companies have taken but it is thought they are looking to guarantee local supplies for their smartphone requirements.

The company is Jiangsu Changjing Electronics Technology Co., which has a logo formed of the letters JSCJ. It is a spin off from Jiangsu Changjiang Electronics Technology Co. Ltd., which has changed its name to JCET. JSCJ was established in November 2018 and is headquartered in Nanjing Jiangbei New District Research and Development Park.

JSCJ was formerly the discrete device division of what is now JCET and is roughly equivalent to a Nexperia. JSCJ sells diodes, transistors, MOSFETs, LDOs, DC-DCs, frequency devices, power devices and has more than 15,000 products that are used in consumer and industrial applications.

JSCJ reportedly increased its registered capital by 12.67 percent to 357 million yuan (about US$55million) when Xiaomi, Oppo and seven other companies became shareholders.

Local analysts have said the investments may also reflect moves by the phone brands to prepare for expansion into other application sectors.

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