Recently, LqspaceAI Aerospace (formerly known as Suzhou LqspaceAI Vision Integrated Circuit Co., Ltd.) announced the completion of a hundreds-of-millions RMB Series Pre-A financing round. This round was led by a strategic follow-on investment from existing shareholder China Core Technology (688262.SH), which has now invested in three consecutive rounds, with additional participation from the state-owned investment platform Shanghai Fengxian Investment Group. This funding will be primarily used for AI computing chip technology R&D iteration, LEO satellite terminal production capacity expansion, and Southeast Asian overseas market deployment, injecting strong momentum into the company's "satellite-cloud-edge-device" full-scenario intelligent computing power system.
LqspaceAI Aerospace is currently collaborating with its strategic shareholder China Core Technology on the joint development of a high-performance, low-power RISC-V General-Purpose Neural Network Accelerator (RISC-V GPNPU), and is co-developing PC and edge-side AI acceleration chips based on the RISC-V GPNPU foundation.
Shanghai Fengxian Investment Group, as a district-level state-owned capital investment platform, focuses on fund management, technology innovation investment, and related services. Through its full-lifecycle empowerment system, it supports the growth of technology enterprises, helps cultivate emerging industries, and strategically positions for future industries. Its strategic support not only brings capital to LqspaceAI Aerospace but also connects the company with Fengxian District's high-quality resources in technology innovation, intelligent manufacturing, and industrial chain support, accelerating the construction of the company's domestic LEO satellite terminal "Lighthouse Factory" and driving the deep integration of technology R&D and industrialization.
The commercial aerospace industry is currently entering a golden period of large-scale development, and the deep integration of artificial intelligence and commercial aerospace is becoming a core driver of industrial upgrading. As an important component of new infrastructure, the LEO satellite internet market continues to see growing demand. This strategic follow-on investment from existing shareholders and strong support from local state-owned capital not only represent the capital market's high recognition of LqspaceAI Aerospace's "commercial aerospace + AI" technology roadmap and growth prospects, but also mark a significant milestone as the company enters a new phase of high-quality development.
Looking ahead, LqspaceAI Aerospace will remain focused on technological innovation, deepen collaborative partnerships across the industrial chain, continue to accelerate the R&D of on-board intelligent platforms and the mass production of LEO satellite terminals, and fully expedite both domestic and international market expansion — driving the high-quality development of the commercial aerospace industry with hardcore technology.
About China Core Technology
Suzhou China Core Technology Co., Ltd. is a chip design enterprise focused on the R&D and industrialization of domestically developed, independently controllable embedded CPU technologies. The company was listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange in January 2022 (Stock Code: 688262). Its primary business provides IP licensing, chip customization services, and proprietary chip and module products to customers serving national strategic needs and market demands. Its main products are applied across three key sectors: information technology innovation and information security, automotive electronics and industrial control, and artificial intelligence and advanced computing.
About Shanghai Fengxian Investment Group
Shanghai Fengxian Investment (Group) Co., Ltd. is a functionally managed state-owned enterprise. It is primarily engaged in the investment and management of district-level collective and state-owned assets, integrated operations for rural development and urban-rural coordination, as well as government-guided venture capital funds, equity investment, and related management activities.
