Chinese automaker BYD's semiconductor unit raises $265m ahead of separate listing

Chinese automaker BYD's semiconductor unit raises $265m ahead of separate listing

BYD Semiconductor, a subsidiary of Chinese electric carmaker BYD, has entered into an investment agreement to raise 1.9 billion yuan ($265 million) from investors like Sequoia Capital China at a pre-money valuation of 7.5 billion yuan ($1.05 billion).