China’s SpacemiT to launch server-class RISC-V processor after raising US$86 million

Chinese semiconductor start-up SpacemiT, fresh off an over US$86 million funding round, is gearing up for mass production of its new RISC-V chips, using an architecture rivalling Intel’s and Arm’s, which is seen as Beijing’s hope for achieving chip self-sufficiency. The Hangzhou-based company recently completed a series B funding round raising more than 600 million yuan from investors, including fellow Hangzhou firm Huaxia Hengtian, the Beijing Artificial Intelligence Industry Investment Fund...