XMC Reaches Long-term Strategic Cooperation with Espressif to Jointly Develop the IoT Market

Wuhan Xinxin Semiconductor Manufacturing Co., Ltd. (hereinafter referred to as "XMC"), a leading supplier of non-volatile memory under Tsinghua Unigroup, has recently announced that it has entered into a long-term strategic cooperation with Espressif Systems (Shanghai) Co., Ltd. (hereinafter referred to as "Espressif"). Specifically, both parties will focus on the IoT application market to have all-round cooperation in terms of IoT and memory products and application solutions development, to boost innovative products development, to meet the growing new market demand, and to create greater commercial value for the cooperation.

"This cooperation between Espressif and XMC will cover 16/32/64/128Mbit SPI NOR. The FG 50nm new products launched by XMC which feature wide voltage range and low power consumption can withstand up to 105 high temperature to meet the application requirements of Espressif's full series of IoT chips, smart home and industrial modules. We are very confident in this strategic cooperation. In the future, we will complement each other's advantages and share resources to conduct continuous R&D in the field of IoT and create more highly competitive products and solutions," said Zhang Rui'an, CEO of Espressif.

Mr. Sun Peng, Vice President of Operations at XMC, said, "Espressif has a lot of advantages in the field of cutting-edge low-power IoT solutions, and we are very happy about this long-term strategic cooperation between XMC and Espressif. It is a strategic extension of our nearly two-year friendly cooperation.All the series of FG 50nm high-performance SPI NOR products launched by XMC are available in small packages and support KGD solutions and RDL services, to meet the customized product design needs of Espressif.In the future, we will deepen our cooperation and expand our storage product offerings to help with the market development of Espressif's IoT chips and module products in smart home, consumer electronics, industrial automation, and other fields."

About Espressif
Espressif Systems (688018.SH) is a public multinational, fabless semiconductor company established in 2008, with offices in China, the Czech Republic, India, Singapore and Brazil. We have a passionate team of engineers and scientists from all over the world, focused on developing cutting-edge Wi-Fi-and-Bluetooth, low-power, AIoT solutions. We have created the popular ESP8266, ESP32, ESP32-S and ESP32-C series of chips, modules and development boards. By leveraging wireless computing, we provide green, versatile and cost-effective chipsets. We are committed to offering solutions that are secure, robust and power-efficient. At the same time, by open-sourcing our technology and solutions, we aim to enable developers to use Espressif's solutions globally and build their own smart-connected devices.

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About XMC
Wuhan Xinxin Semiconductor Manufacturing Co., Ltd.(XMC), a leading semiconductor R & D and manufacturing company, was founded in Wuhan, China, in 2006. It focuses on developing advanced specialty processes, including 3D IC technology(3DLinkTM), specialty flash memory process, and specialty logic process platform. XMC is committed to providing innovative products and world-class services to its global customers.

XMC has built up two 300mm fabs, each with a capacity of over 30,000 wafers/month.

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