China's Espressif ships 100 million IoT chips

May 09, 2018 // By Peter Clarke
Espressif Systems Pte. Ltd. (Shanghai, China), a fabless chip company that provides MCUs with dual Wi-Fi and Bluetooth connectivity has claimed it has shipped 100 million chips for IoT applications.

The company, founded in 2007, has also announced it has received investment from Intel Capital and Beijing Singularity Power Investment Fund LP (SPC). Although the amount wasn't disclosed it is thought to be in the region of $6 million to $10 million.

The company’s IoT chipsets provide dual-mode connectivity (Wi-Fi & BT/BLE), powered by a single- or dual-core 32bit processor. Espressif's CPUs cores are generally Xtensa architecture cores licensed from Cadence/Tensilica. They are used in its ESP32 and ESP

With its integrated wireless MCUs Espressif achieved sales of one hundred million IoT chipsets by the end of 2017.

Espressif founder and CEO Swee Ann Teo said the new funding would be used for expansion into the field of artificial intelligence.

"With this investment deal, SPC offers Espressif the opportunity to seize momentum in China’s rapidly developing semiconductor industry by further optimizing its own strategic and operational capabilities, while also contributing to the rapid growth of the IoT industry," said Wang Jiaheng, Managing Director of SPC, in a statement issued by Espressif.

Related links and articles:

www.espressif.com

News articles:

€5 octacore MCU covers analytics, fusion at the edge

Renesas samples 28nm MCUs with embedded flash

Multiprotocol wireless MCU comes as module, SoC


Vous êtes certain ?

Si vous désactivez les cookies, vous ne pouvez plus naviguer sur le site.

Vous allez être rediriger vers Google.