GTA Semiconductor Co. Ltd.

In 2017, a new player in the semiconductor world was born in Shanghai: GTA Semiconductor. Rather than a typical startup, it was established as a subsidiary of Huada Semiconductor, a key enterprise within the state-owned China Electronics Corporation (CEC), to focus on the demanding automotive and industrial chip market. This strategic move aimed to build a domestic powerhouse for specialized analog and power integrated circuits. A pivotal moment in GTA's journey arrived quickly. In early 2019, the company executed a merger with Advanced Semiconductor Manufacturing Corporation (ASMC), a seasoned chip manufacturer with roots going back to 1988. This wasn't just an acquisition; it was an absorption that integrated ASMC's decades of manufacturing experience and existing production lines directly into GTA, instantly giving the new entity a significant operational footprint and a veteran team. With this foundation, GTA embarked on an aggressive growth path, backed by substantial capital. The company secured a major funding round of approximately $1.25 billion in 2021 from investors including Xiaomi's industrial fund. This was followed by an even larger, largely state-funded round in 2023, raising over $1.8 billion to further expand its capacity for automotive electronics. These infusions of capital underscore a clear national strategy to build a self-reliant supply chain for the critical automotive chip sector.