Qianhe Yibang raises 2 billion yuan for 3D memory chips
Qianhe Yibang, a pioneer in 3D compute-in-memory chips, has closed a Series B of over 2 billion yuan. The round gathered a heavyweight mix of state capital and financial investors, including the national structural-adjustment fund, China Mobile’s chain-leader fund, Sequoia-sister vehicles, Hillhouse-linked and other first-tier institutions. NetEase Youdao and China Mobile’s chain-leader fund, long-term shareholders … Read more