Lenovo Capital and Incubator Group returned to back Semidrive in a nine-figure renminbi round, after previously investing in the automotive-focused chipmaker last year.

Semidrive, a China-based manufacturer of semiconductors for the automotive industry, has secured a nine-figure renminbi (RMB100m = $14.5m) sum in a pre-series A round featuring electronics manufacturer Lenovo. Venture capital firm Matrix Partners China led the round, which also featured Lanpu Capital and Vertex Ventures China, a China-focused subsidiary of Singaporean government-owned investment firm Temasek.…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.