Xiaomi Industry Investment Boosts the Old Domestic Chip Provider of RF Devices, OnMicro, and Promotes the Localization of 5G Devices
On February 20, 2020, Beijing OnMicro Electronics Co., Ltd. (hereinafter referred to as "OnMicro") officially announced the completion of a new round of strategic financing, and Hubei Xiaomi Changjiang Industrial Fund became a new shareholder and partner (limited partnership). In recent seven years, OnMicro has not made extra financing. This round of Hubei Xiaomi Changjiang industrial fund has become its shareholder by way of capital increasing. The fund will be used for the overall RF front-end solution of 5G mobile terminal and the research and development of the new generation of Internet of things SOC chip, further consolidating the leading market position of OnMicro and maintaining its technical advantages in the RF field.
Founded in July 2012, the company focuses on the design and development of RF/analog integrated circuits. Our R&D, operation and financial headquarters are located in Beijing, with R&D centers overseas, offices in Taiwan and South Korea, and sales and technical support centers in Shanghai and Shenzhen. There are more than 160 employees and more than 100 R&D personnel in the world. In order to strengthen the brand construction of the company, the company's name was changed to "Beijing OnMicro Electronics Co., Ltd." on September 4, 2019.
OnMicro has profound technology accumulation in CMOS, GaAs, SiGe, SOI, Gan and other RF processes. Its main products are 2G/3G/4G/5G full Series RF front-end chips for mobile terminals, and wireless connection chips for the Internet of things. There are more than 200 mass produced chips, including: mobile RF power amplifier, terminal switch, low-noise amplifier, antenna tuner, RF front-end module (PAM, TXM, MMMB, PAMID/PAMIF, L-FEM, etc.); BLE, Bluetooth audio, dual-mode Bluetooth, 2.4GHz wireless communication chip, etc.
Its chips have been adopted by famous manufacturers such as Samsung Electronics, Foxconn, ZTE, Transsion, Quectel, TCL, Tinno, Coolpad, Lenovo, HP, Aigo, etc., with a total sales volume of more than 3.3 billion. It is applied to such consumer products as smart phone, tablet computer, smart watch, smart bracelet, wireless keyboard/mouse, UAV, remote control car, smart home, Bluetooth speaker, Bluetooth electronic scale, walkie talkie, etc.
Hubei Xiaomi Changjiang River Industry Fund was established in December 2017, jointly initiated by Xiaomi group and Hubei Changjiang River Economic Belt Industry Guidance Fund. The fund is an industrial investment platform set up by Xiaomi group to achieve the strategic goal of "new domestic products" to promote "new manufacturing", aiming to systematically invest China's advanced manufacturing industry in the next 10 years. The fund is mainly invested in China's high-quality manufacturing enterprises, focusing on the investment targets with great development potential in the subdivision industry; the investment scope covers the supply chain of mobile phones and intelligent hardware, core components of electronic products, new materials and new processes, while taking into account the related fields of intelligent manufacturing and industrial automation.
From mobile phones to IOT, Xiaomi has obvious first mover advantages in smart home, wear and other fields. Since its establishment, OnMicro has adhered to multi product line research and development, not only in-depth cultivation of 4G/5G smart phone terminals, but also actively entered the Internet of things market, which coincides with Xiaomi's 5g + AIoT strategy. In the future, OnMicro will also increase investment layout in the direction of microwave, millimeter wave, low-power WAN, and strive to become a ubiquitous IoT chip Leader, and Xiaomi's support will promote the realization of this goal.
At the beginning of the 2020 new year, the sudden outbreak of pneumonia has become the focus of attention, and the pace of social and economic life has been temporarily disrupted. The shadow of capital winter still covers the whole capital market. In a rapidly changing and dangerous environment, all investors are thinking prudently and rationally. Taking history as a mirror, the SARS virus outbreak in 2003 and Zika virus outbreak in 2015 had a great impact on the investment and financing of the local primary market, and the investment was very cautious. At this time, when the situation of the new coronavirus epidemic is not clear, Xiaomi Changjiang Industrial Fund still accelerated the investment progress to OnMicro, which is not only optimistic about OnMicro, but also firmly optimistic about the domestic chip industry and the entire electronic industry. Sunshine is always in the wind and rain, the entire industrial chain to join hands, together, overcome the difficulties!