In September 2021, Changzhou Westberry Electronic Technology Co., Ltd. (Westberry) obtained tens of millions of RMB in Series A financing from ADDOR CAPITAL to help domestic MCUs break through.
The investment business of the management team of ADDOR CAPITAL started in 1992, and it is one of the most influential venture capital institutions in China, which ranks first in the industry in terms of industry research ability, asset management scale, investment specialization, etc.
Jin Yi, partner of ADDOR CAPITAL, said, MCU is a high-quality investment track for China’s semiconductor industry, which is reflected in the fact that the market is large enough and continues to grow, while the supply-side production capacity is relatively limited, the localization rate is low, and the replacement space is large. In the context of global chip shortage price increases, MCU industry import substitution is accelerating significantly, which offers valuable opportunities for the growth of local MCU businesses. The Westberry team has complete chip design capabilities and rich industrial experience and has established a good reputation in the industry. It is expected that Westbury will continue to strengthen investment in research and development to develop better performance in the future MCU chips and continue to help import substitution in this field.
Westberry is a company focusing on the development of intelligent chips and intelligent product solutions, and has core competitiveness in intelligent control chips, NVM, analog products and other aspects. Headquartered in Changzhou, the Company has branches in Shanghai, Shenzhen, Taiwan and San Francisco, the company’s core team has more than 20 years of experience in MCU product research, development and sales, and has rich international industrial resources and international supply system. The core product is a 32-bit MCU chip based on the ARM Cortex-M series core architecture, which has an international leading level in high-performance computing, high-precision analog functions, low-power management and other aspects.