Chinese AI Chip Startup SUNMMIO Raises Nearly 2 Billion Yuan in a Year
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SUNMMIO is a company that follows the 3D stacked DRAM route, meaning DRAM wafers are stacked directly on top of logic wafers.
Chinese AI chip startup SUNMMIO has raised nearly 2 billion yuan ($299 million) over the past year, reaching a valuation of 12 billion yuan after its latest funding rounds.
The fundraising reflects a flow of capital into domestic chip developers seeking to close a computing supply gap amid surging AI demand and prolonged restrictions on imports of Nvidia Corp. chips.
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