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Posted inNews Feed

MCU maker Fremont Micro Devices secures RMB 500 million in Pre-IPO Series

Shenzhen-based microcontroller unit (MCU) maker Fremont Micro Devices recently secured RMB 500 million ($70.49 million) in a Pre-IPO Series completed on September 23, according to a Wednesday report by ijiwei, a Chinese semiconductor consultancy. The funding round was led by Huaxu Investment, with additional participation from Shenzhen Capital Group and Guangzhou Yuexiu Industrial Investment Fund […]

Posted inNews Feed

ByteDance to expand its board amid growing regulatory concerns: report

ByteDance plans to add four directors to expand its board to nine seats as the company faces regulatory pressure globally, the South China Morning Post reported on Wednesday, citing two unnamed sources and adding that shareholders approved the proposal in an investor meeting on Tuesday. ByteDance’s board currently consists of representatives from General Atlantic, Susquehanna […]

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