Today, China Mobile and Tablet ODM Hutchison Telecom announced that it has successfully completed a RMB870 million Series A round of financing. This round of financing is jointly led by Intel Capital and CRE Capital, and other participating investors include Tsinghua Holdings' M & A Fund Clear control Kim Shin Capital, Wu Yuefeng Capital, Walden International, Northern Lights venture capital and Chi Road capital.
Founded in 2005, Hutchison products include smartphones, tablets, notebooks, servers, IoT products, etc. Headquartered in Shanghai and with R & D centers, operation centers and production facilities in Xi'an, Shenzhen, Wuxi, Hong Kong, Dongguan and Nanchang Base.At present, Huaqin has more than 15000 employees, of whom, more than 4000 office staff, research and development personnel accounted for 65% .Up to now, China Qin intellectual property application 2531, the group authorized 1666 intellectual property, group patent application 1898, group patent Authorized 1129 items.
For this financing, Mr. Qiu Wensheng, President of Hutchison Communications said: "Hutchison is proud to be a key Intel partner and a strategic investment in Intel Capital. Hutchison will be able to make more effective use of Intel's leadership in architecture and process technology , To provide customers with high-quality intelligent terminal and server products and to seek breakthroughs in innovative applications such as smart POS, augmented reality and virtual reality (AR / VR), automotive electronics, etc. Huaqin is committed to becoming a global Hynix is pleased to become a shareholder in the company for several investment funds and other industry funds and expects to collaborate with these funds and the industrial chain companies in which they invest. '
It is noteworthy that this investment in Intel, and Hutchison has close cooperation.It is reported, Hutchison Telecom formally entered the field of notebook computers in 2016, opened a cooperation trip with Intel.In February 2017, Hua Qin won the award of Intel The collaboration between the two sides entered a new phase of development and in September of the same year, Hutchinson's server "Eden" based on the Intel Xeon (TM) scalable platform was unveiled at Intel product launches and was widely praised by the industry.
Lin Li Zhong, vice president of Intel Capital and managing director of Asia Pacific, said: "We welcome China Innovative Enterprise Hua Qin Communications to join the Intel portfolio. Intel invests forward-looking global vision, extensive customer network and strong technical resources, will help Huaqin Expansion of multi-platform ODM capabilities Intel Capital fully supports Intel's transformation into a data company and will continue to strategically invest in providing a full range of support for organizations interested in participating in the innovation in the field of smart connected data. '
Chen Rongkun, general manager of Intel's worldwide vice president and client computing product group in China, said: "Huaqin provides professional WWAN solutions and high-quality mobile products for the world's leading ODMs and OEM customers with rich R & D Production experience.Its promotion of all-PC development vision and Intel's client computing development strategy coincide.We look forward to working with Hutchison Telecom to create an extraordinary user experience based on Intel technology to jointly promote China's innovation in the field of intelligent interconnection '
Zhang Xsheng, a partner of China Venture Capital, said: "We wish Hua Qin complete the round of financing." Hua Chong Investment is focused on the investment in integrated circuits and upstream and downstream industries, and Hua Qin is an important investment in this field. Cooperate to provide them with industrial resources and jointly promote the development of mobile phones and computers in China. '
In recent years, with the continuous growth of China's smart phone brands, but also led the great development of the domestic ODM industry.In the field of mobile phones, was born a number of leading ODM manufacturers in the world.Among them, Wen Qin and Wen Tai are currently in smart phones ODM A camp.the two manufacturers respectively assume Huawei, glory, red rice, charm blue and other brand mobile phone design, development, production.We can say that they are the hero behind these successful brands.
It is noteworthy that this participation Huaqin Huachuang Investment, Wu Yuefeng Capital, etc. are previously focused on the field of semiconductor mergers and acquisitions or investment in these downstream layout or intend to make vertical integration in the industry chain also in the last week, Wen Tai Technology Bulletin shows that Wu Yuefeng to about 1.07 billion yuan, 35.1 million shares of the company after the completion of the transfer of shares, holds a 5.51% stake in Wen Tai Technology.
Some analysts said that after ODM manufacturers because there is no brand, combined with the industry partial profit margin, industrial capital is relatively low degree of attention.And recently, the two leading ODM manufacturers to obtain shares or investment, indicating that the capital market has found its value. With the advent of 5G, AI technology, and the coming of the Internet of Everything, their value will be even more apparent.