20 April 2018, Shanghai, China – Shanghai SGR SEMICONDUCTORS Inc. announced today that it has recently completed a Series A funding round. This round was led by China Minsheng Investment Capital, with Qingyu Capital participating as a co-investor.


“China Minsheng Investment Group continues to fulfil its mission of ‘harnessing the power of capital, unleashing the vitality of mechanisms, and serving national strategies’. “Against the backdrop of the nation’s ‘Made in China 2025’ initiative, Zhongmin Investment Capital—the investment platform under the Zhongmin Investment Group—is actively expanding its presence in the fields of smart vehicles and smart mobility. As a leading domestic supplier of millimetre-wave radar chips, SGR is playing an increasingly important role in the localisation of millimetre-wave radar technology,” said Li Xinde, Managing Director of Zhongmin Investment Capital. “We are committed to helping Sijie achieve greater success in the markets for driver assistance and autonomous driving. ”


Wang Xi, Investment Director at Qingyu Capital, remarked, “Sensors are an indispensable key component of future autonomous driving, and the domestic millimetre-wave automotive radar market is currently on the cusp of explosive growth. We are optimistic about SGR’ capabilities in innovative R&D and industrialisation, as well as its ability to provide partners with comprehensive solutions that can rapidly scale up to mass production.”


Dr Lu Yumin, founder of SGR, stated: “ ‘Over the three years of incubation at the Shanghai Microelectronics Industrial Research Institute, SGR has built up its team and accumulated technological expertise. In 2016, with the support of Tonghua Capital, we officially began operating independently. Over the past 15 months, SGR has achieved several milestones in the mass production of chip products. With the support of China Minsheng Investment and Qingyu Capital, we are even more confident in accelerating the market roll-out of our products and contributing to the development of next-generation sensor and internet technologies.’


About SGR SEMICONDUCTORS Inc. : SGR is a company specialising in the development of millimetre-wave radar chips. Headquartered in Jiading, China’s ‘Automotive City’, the company—led by experts from the National ‘Thousand Talents Programme’—has developed the first highly integrated 24GHz radar SoC with independent domestic intellectual property rights. The company is also developing a series of highly integrated 24GHz and 77GHz products. Sil杰 Microelectronics boasts a highly skilled design, development and mass production team, possessing solid design expertise and extensive development experience. The company is committed to contributing to the development of next-generation sensor and internet technologies. For further information, please visit: www.sgrsemi.com


About Zhongmin Investment Capital: Zhongmin Investment Capital Management Co., Ltd. is a wholly-owned subsidiary of the Zhongmin Investment Group, with a registered capital of RMB 10 billion. Based on the concept of integrating industry and finance, Zhongmin Investment Capital is committed to providing clients with comprehensive, multi-faceted financial service solutions covering investment and financing. Currently, by combining its own capital with fund investments and following its core industry strategy, Zhongmin Investment Capital has established a multi-tiered investment system encompassing private equity (PE), venture capital (VC), investment and mergers and acquisitions (M&A), equity and debt restructuring, and fund-of-funds. For further information, please visit: www.cm-inv.com

About Qingyu Capital: Founded in 2014 by seasoned experts and investors in the environmental protection and energy sectors, Qingyu Capital is a specialist fund focusing on investments in clean technology fields such as environmental protection, energy conservation and new energy. Since its inception, it has received support from leading domestic enterprises and renowned fund-of-funds. Currently managing four funds with a total scale of approximately RMB 2 billion, it is a pioneer and leader in the field of energy conservation and environmental protection investment in China.