On June 8, Beijing ESWIN Computing Technology Co., Ltd. (hereinafter referred to as “ESWIN Computing”), led by Wang Dongsheng, the founder of BOE and “the Father of LCD Displays in China”, announced the completion of a new round of financing, with a total amount of more than 2 billion RMB.

This financing round was co-led by Legend Capital and IDG Capital, followed by Development and Investment of Haining Juanhu Science and Technology City, Riverhead Capital, Haining Industrial Assets, LIGHTHOUSE Capital, etc. Shareholders such as Beijing Singularity Power Investment Fund, Triniti Capital and Broad Vision Fund also participated, showing strong confidence in the company development and continuously strengthen investment. LIGHTHOUSE Capital served as the exclusive financial advisor for this financing.

The funds raised this time will be mainly used for product R&D, IP and tape-out expenses, team expansion, talent recruitment, etc., with a focus on improving the layout of the entire product lines and strengthening ecological attributes to continuously improving core competitiveness.

ESWIN Computing is an IC and solution provider, supported by three core capabilities of display and video, AI data processing and wireless connectivity, focusing on mobile terminals, smart home, smart transportation, industrial IoT, etc. to provide customers with four types of IC and solutions including display and video, samrt connectivity, smart IoT and smart computing acceleration. At present, a variety of products applied to the terminals have been mass-produced and delivered to customers. Its AI acceleration IC has been taped out, which is the first general-purpose parallel computing acceleration IC based on RISC-V architecture in China. It has  a unique advantage of domestic substitution amid the demand for domestic substitution of IC is changing from point to surface. With exceptional capabilities in innovation, R&D, customer  expansion capabilities, as well as operational and risk management, ESWIN Computing has earned recognition from both customers and the capital market in a short period of time.

In the 20 years since its establishment, Legend Capital has continued to invest in dozens of high-quality enterprises in the fields of new materials, semiconductors and smart equipment. Li Jiaqing, the chief investment officer of Legend Capital, said, “ESWIN has a remarkable team with the chairman at the core, and rich experience in industrial resources integration and enterprise operation management. We are bullish about its potential in semiconductor design platform and integrated development opportunities in the field of display, smart computing, and connectivity.”

IDG Capital has continued to increase its stake after leading the investment in Series A financing round since 2019. Yu Xinhua, the partner of IDG Capital, said, “We have been involved in the global semiconductor industry since 2003. ESWIN has a first-class entrepreneurial team headed by great entrepreneurs, with forward-looking business philosophy and a complete product mix, potentialized to grow into a world-class enterprise.”

According to Zheng Xuanle, the founder and CEO of LIGHTHOUSE Capital, said, “China is at the crucial moment to revitalizing domestic IC industry. The historic opportunity for the birth of world-leading IC giants has arrived. ESWIN Computing has multiple world-leading production lines which have entered the stage of large-scale commercial application. Its vast intellectual property portfolio and diverse product portfolio can greatly reduce the marginal cost of development.”

(Source: 21st Century Finance and Economics; Release time: June 8, 2020)