Chengdu Xinjixun Technology

About Chengdu Xinjixun Technology

Chengdu Xinjixun Technology Co., Ltd., also known as Innobase, is a fabless semiconductor company established in April 2021. The company was co-founded by its core team and Wise Road Capital, the core investment platform of the Zhinongrongxin Financial Informatization Industry Alliance. The firm's legal representative is Cao Qiang. Innobase has secured significant financial backing, including a Series A+ funding round in September 2024 that raised over CNY 300 million, led by Chengdu Ceyuan Capital with participation from multiple investors like Sichuan Development Fund and Wise Road Capital.

The company is strategically positioned in the wireless communication sector, focusing on the design and development of mobile communication terminal baseband System-on-Chips (SoCs). Its business model centers on providing advanced, low-cost, and low-power wireless communication technologies and chip products. Revenue is generated through the sale of wireless mobile communication integrated circuits, baseband, RF, and multimedia chips. The company's operations span across research and development centers located in major tech hubs including Beijing, Shanghai, Nanjing, Chengdu, Zhuhai, and Silicon Valley, employing a research team of nearly 200 people.

Innobase's product portfolio is geared towards the Internet of Things (IoT) and industrial applications. It specializes in mobile communication technologies for 4G, 5G, and low-orbit satellite networks, addressing the need for massive connections and low power consumption. The core offerings include the design and production of baseband SoC chips, which integrate components such as baseband, radio frequency (RF), power management integrated circuits (PMIC), and IoT application processors. A key product is its 5G RedCap (Reduced Capability) IoT chip. The company has formed strategic partnerships to advance its technology, including establishing a joint 5G chip and solution laboratory with Keysight Technologies and becoming a strategic partner of China Unicom's pan-terminal technology ecological innovation joint laboratory alongside major players like Qualcomm and MediaTek.

The founding team is composed of top-tier chip design and communication technology experts in China, with some members having received the National Science and Technology Progress First Prize. This team brings over two decades of extensive industry experience, having been involved in the development of 2G through 5G technologies and the production of billions of mobile communication chips. Their expertise covers the entire product development lifecycle, from initial design to mass production, with team members also possessing operational management experience from leading international semiconductor firms.