iFlytek Semiconductor has completed nearly 700 million yuan in Series A financing, with new investors including Hillhouse Capital.

On February 15, according to semiconductor research reports, Tech Semiconductor Technology Co., Ltd. has completed its Series A financing with a total amount of nearly 700 million RMB. New investors including Shixi Capital, Jinshi Investment, Hillhouse Capital, Anxin Capital, Fengyuan Capital, Xincheng Capital, Zhongzheng Investment, Taide Venture Capital, Jinyuan Capital, Hefei Venture Capital, Dianshi Capital, Yongxin Ark and many others have joined. Existing shareholders Hu Shan Capital, Xianghe Capital, Yida Capital, Xinke Capital, Chunhua Capital have also continued to increase their investment. This fundraising will mainly be used for core product iteration, capacity building, and R&D expansion.