Global Trade Alert
Global Trade Alert

China: Automotive chipmaker secures over USD 70 million funding for R&D activities

Announcement

14 Jul 2023

In July 2014, SENASIC secured over USD 70 million in funding from various sources, led by the China State-Owned Enterprise Mixed Ownership Reform Fund to enhance R&D activities and market expansion.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

14 Jul 2023

Revocation date:

No revocation date

Updated: 14 Jul 2023
Equity stake In force

On 14 July 2023, SENASIC, a Chinese automotive semiconductor manufacturer announced that it had secured over CNY 500 million (USD 70 million) in investment from a group of investors, led by the Chi...

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