Recently, Shenzhen Thinkplus Semiconductor Co., Ltd. (hereinafter referred to as "Thinkplus Semiconductor") officially completed the series B financing of nearly RMB 100 million invested by Hui Capital. The funds will mainly be used for expansion of the team and new product lines to cover consumer electronics, industry, automotive electronics, and other industries, so as to provide customers with richer and better solutions. Regarding this round of financing, Dong Guanbin, General Manager of Thinkplus Semiconductor, believes that the cooperation between the company and Hui Capital is mutually beneficial, "We appreciate each other, so we choose to cooperate together, even if the road is long and difficult. Thinkplus Semiconductor appreciates the rich investment experience of Hui Capital, while Hui Capital values the team value of Thinkplus Semiconductor, as well as the company's continuous investment in product research and development, continuous improvements in manufacturing and operational efficiency."
Founded in 2011, Thinkplus Semiconductor has been focusing on the design of POWER+ power management system chip for battery applications and is dedicated to providing cutting-edge battery management system-level chip solutions for smart wearables, consumer electronics, industry, energy storage system, new energy vehicles, etc. The product portfolio includes power bank management SoC, TWS earbuds power management chips, Li-ion battery charging chips, power management integrated circuits (PMIC), wireless charging chips, etc.
In the past two years, the market share of TWS earbuds battery management chips of Thinkplus Semiconductor ranked first, with a total shipment volume of more than 700 million pieces, and the chips have been adopted in the products of well-known brands at home and abroad, such as Xiaomi, vivo, OPPO, OnePlus, realme, Transsion, Meizu, 1MORE, Baidu, NetEase, EDIFIER, JBL, Harman, Lenovo, etc. Meanwhile, the company has set up branch offices in Shenzhen, Chengdu, Shanghai, Zhuhai, and the R&D team members account for about 62% of the total number of employees of the company. Up to now, the company has applied for and obtained more than 140 independent intellectual property rights.
Talking about the reasons for choosing Thinkplus Semiconductor, Xiao said that with deep cultivation in semiconductor (integrated circuits) industry, the team of Thinkplus Semiconductor has always been focusing on the research and development and application of lithium battery-powered products, and adhering to the customer's market demand as the center. As a dedicated, diligent and discreet team that can endure the loneliness of "key & core technology", it has the characteristics of an excellent entrepreneur.
"The essence of investment is to invest in good people and good team. We fully trust and respect the team of Thinkplus Semiconductor. We believe that under the leadership of General Manager Dong Guanbin, Thinkplus Semiconductor will certainly be able to consolidate its basic consumer electronics business, capture the good opportunities in the renewable energy industry, and make active plans for development of high-performance analog ICs for electric vehicles, energy storage, photovoltaic power generation, wind power generation, short-distance travel and other fields. I believe that good enterprises like Thinkplus Semiconductor will inevitably have a better and broader development prospect for development."
Thinkplus Semiconductor will focus more on the innovation and improvement of lithium battery power management technology, further improve the competitiveness of the R&D team, and work closely with the upstream and downstream partners of the industrial chain. While deeply exploring the consumer electronics industry, Thinkplus Semiconductor will accelerate the expansion to industrial, automotive electronics and other business areas, so as to provide more kinds and better quality products and services for global customers.
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