China Zhongji Investment participates in a new round of financing for Genston Technology, helping to realize the commercialization of MRAM.
With the strong support of its customers, Gence Technology's related chip products have completed R&D iteration and sufficient verification. According to the plan, they will gradually enter the mass production and delivery stage starting from Q4 2023. The company will continue to work with upstream and downstream partners in the industrial chain to jointly build and promote the MRAM-enabled "storage-computation-control" single-chip integrated ecosystem.
China Zhongji Investment's TMT & New Energy project team believes that with the advancement of digital transformation, cloud computing, artificial intelligence, the Internet of Things, and 5G technology, the demand for memory will continue to increase. The rise of big data, high-definition video, virtualization, and edge computing applications has also driven the growth of the memory market. Traditional memory, after decades of development, is no longer cost-effective or performance-effective to continue reducing its size, and the rate of progress of existing memory technology cannot meet the requirements of improved electronic product performance. This provides a good development opportunity for new semiconductor memory. Gence Technology, as a domestic fabless company focused on building ultra-low power, high-reliability, and intelligent solutions based on MRAM, will have broader development space with the successful completion of this round of financing.
