Global Law Office advised integrated circuit maker Vergiga Semiconductor on the Series B financing, led by global semiconductor giant Intel.
Vergiga Semiconductor is one of the few domestic companies to successfully develop discrete power devices on 12-inch wafers. The company previously raised funds from OPPO, Xiaomi, Huaqin Technology, Yuanhe Puhua, and Dynamic Balance. It was recognized by the Ministry of Industry and Information Technology as a national “little giant” enterprise in July 2021, a title designated for enterprises with mastery of key technologies, strong innovation capabilities and a share significant market.
Global Law Firm‘s project team was led by partner Jie Yi Chen, Hao Jia Zhuang and lawyer Chang Cheng Ye, and the team also included Luo Xun. The firm has provided comprehensive legal services for past and current financing rounds of the company, including designing the transaction proposal, drafting and reviewing transaction documents, negotiating with all parties and assisting at the close.
Although the funding amount and valuation were not disclosed, Vergiga Semiconductor has a registered capital of 22.63 million RMB (3.57 million USD).