Lenovo Capital and Incubator Group (LCIG)

Lenovo Capital and Incubator Group is a global investment entity that focuses on core technology and internet-related sectors, including cloud computing, big data, artificial intelligence, and robotics. Based in Quarry Bay, Hong Kong, the group manages venture capital funds, such as the Lenovo Smart Internet Innovation RMB Fund, which specifically targets the Internet innovation industry in China. The group's strategy emphasizes leveraging Lenovo's extensive global resources to promote research and development, facilitating new business avenues, and fostering innovation. Through targeted investments and incubation efforts, Lenovo Capital and Incubator Group seeks to align with Lenovo's strategic objectives and drive future advancements in technology.

He Zhiqiang

President

Luo Xu

Managing Director

Past deals in ASIC

Lanxin Computing

Angel Round in 2023
Lanxin Computing specializes in high-performance chip design, focusing on the research and development of Central Processing Units (CPUs) within RISC-V ecosystems.

GravityXR

Seed Round in 2022
GravityXR develops and manufactures specialized chips and components for extended reality (XR) devices, including AR glasses processors, VR headset chips, MR device modules, and supporting hardware solutions. They offer comprehensive technical services, such as software suites and prototype development support.

HOUMO.AI

Series A in 2022
Houmo.AI is a semiconductor company founded in 2020 by Dr. Wu Qiang, specializing in integrated circuit storage technology tailored for artificial intelligence and high-power computing applications. The company focuses on developing intelligent computing chips that deliver substantial computing power while maintaining low energy consumption, thereby enabling enterprises to create advanced AI-integrated electronics and intelligent robotics products at competitive prices. By leveraging disruptive technologies, Houmo.AI aims to address the growing demand for computing power in the realm of true artificial intelligence, striving to revolutionize the industry with its innovative solutions.

HOUMO.AI

Seed Round in 2021
Houmo.AI is a semiconductor company founded in 2020 by Dr. Wu Qiang, specializing in integrated circuit storage technology tailored for artificial intelligence and high-power computing applications. The company focuses on developing intelligent computing chips that deliver substantial computing power while maintaining low energy consumption, thereby enabling enterprises to create advanced AI-integrated electronics and intelligent robotics products at competitive prices. By leveraging disruptive technologies, Houmo.AI aims to address the growing demand for computing power in the realm of true artificial intelligence, striving to revolutionize the industry with its innovative solutions.

Jeejio

Seed Round in 2018
Jeejio develops AI-based processors and intelligent operating systems for IoT-enabled devices, enabling developers to program and deploy AI capabilities on the chips. It designs and manufactures small, AI-enabled computers for IoT hardware and applications, and works on AI chips, system software, and cloud-based platforms to support IoT development. The company serves technology and electronics markets and aims to accelerate the growth of the IoT industry.

Cambricon Technologies

Series A in 2017
Cambricon Technologies is a leading innovator in the development of artificial intelligence core chips, focusing on applications in cloud servers, edge computing, and various terminal devices. Founded by Professor Chen Tianshi, a distinguished scientist in processor architecture and artificial intelligence, the company has established itself as a pioneer in smart chip technology. Cambricon is recognized for its groundbreaking products, including the Cambrian-1A processor, which was the first commercial deep learning processor designed for a range of terminal equipment such as smartphones, wearable devices, and autonomous vehicles. With two main product lines—terminal and server—Cambricon provides customers with a diverse array of chip products and system software solutions, positioning itself at the forefront of the AI chip industry.

Lanxin Computing

Lanxin Computing specializes in high-performance chip design, focusing on the research and development of Central Processing Units (CPUs) within RISC-V ecosystems.
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