Magneto Information Received Ten Thousand Yuan Renminbi B Series Financing

On April 7, the investment community announced that Shanghai Magneto Information Technology Co., Ltd. recently announced that it has obtained a one-million-yuan RMB B round of financing for Huaxi Group, the parent company of Yicun Capital. It is reported that this fund will be used for product research and development, and will enhance products. Yield and reduce production costs.

Magneto Information is a Sino-foreign joint venture high-tech enterprise engaged in the research and development, production of magnetic random access memory with international advanced technology. The company has won the investment of domestic first-class industrial venture capital fund and Shanghai local government entrepreneurial guidance fund. MRAM product R&D and manufacturing company owns 12-inch special magnetron sputtering equipment for 10 different target materials newly purchased. It is also the only equipment for domestic production of PSTT-MRAM materials and will be used for the third and fourth generation MRAM memory chips. Development and mass production. Future products include Standalone and Embedded.

10 Ph.D. returnees of the core team of Magneticyu Information come from semiconductor companies such as TDK and Everspin. The company's related materials, circuit design product architecture, application of memory-based new CPU architecture, image processing, VR and embedded MCU have been approved by China and the United States. 22 patents.

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