Maxvision commits RMB50m to Yizhu Technology’s compute-in-memory chip development
The listed technology company subscribed for a minority stake in the AI-chip developer as part of a financing involving other investors.
Maxvision Technology announced a RMB50 million equity investment in Yizhu Technology on 30 April 2024. The subscription agreement provided for a 3.4247% stake after the capital increase; Maxvision’s subsequent annual report confirmed that the investment had completed.
Other investors also participated in the capital increase. The RMB50 million represents Maxvision’s own contribution, with the full financing amount undisclosed in its announcement.
Suzhou-based Yizhu develops AI chips combining resistive memory and compute-in-memory architecture. Maxvision said the companies would explore cooperation on edge AI chips and applications connected to its existing intelligent-systems business.