Qualcomm-backed chipmaker Kneron nails Foxconn financing, offer

by RJ Shara | Jan 19, 2021 | Startups

A startup based out of San Diego and Taipei is quietly nailing fundings and offers from a few of the most significant names in electronic devices. Kneron, which concentrates on energy-efficient processors for edge artificial intelligence, simply raised a strategic funding round from Taiwan’s production giant Foxconn and integrated circuit manufacturer Winbond. The offer came a year after […] Among Kneron’s customers are Chinese air conditioning huge Gree and German autonomous driving software application company Teraki, and the brand-new deal is turning the world’s largest electronic devices producer into a customer. Unlike some of its rivals, Kneron creates chips for a wide range of use cases, from production, smart homes, mobile phones, robotics, security and payments, to autonomous driving. Kneron has also been on a less aggressive financing speed than these business, which sustain their rapid growth through outsize funding rounds. Like the Chinese AI upstarts, Kneron is weighing an initial public offering. Kneron, which specializes in energy-efficient processors for edge artificial intelligence, simply raised a strategic financing round from Taiwan’s manufacturing giant Foxconn and integrated circuit producer Winbond….