QBit receives further investment
QBit Semiconductor announced today it has received a further investment of US$ 4.5 million from New Kinpo Group (NKG), a major Taiwan-based electronics manufacturer, bringing NKG’s total investment in QBit to US$ 12.5 million over three rounds since 2016. This further investment enables QBit to launch new SOC development as shipments of its initial SOC, the QB63xx series, ramp up.
QBit is currently a wholly owned subsidiary of NKG. QBit expects in the future to become a joint venture company as other investors join NKG to invest in QBit.