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 [……
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