(Yicai Global) July 25 -- C*Core Technology’s shares rose after the Chinese chip designer announced it has successfully developed a new generation of electronics microcontroller unit for vehicles.

C*Core Tech [SHA: 688262] closed 2 percent higher at CNY40.51 (USD5.67) in Shanghai today. The stock has climbed 36 percent since the end of last year.

CCFC3008PT, the new MCU, recently passed C*Core Tech’s internal tests, the Suzhou-based company said late yesterday.

MCUs, also known as single-chip microcomputers, are chips that integrate the central processing unit, read-only memory, random-access memory, and various types of peripheral interfaces, particularly designed to control and perform specific tasks.

CCFC3008PT can be used in the electronics powertrain, chassis controller, and power battery controller and should help alleviate a shortage of mid-to-high-end MCUs in China’s new energy vehicle industry, C*Core Tech added.

The product will help the company expand in the auto electronics’ market and boost business performance, it said.

C*Core Tech has provided samples of CCFC3008PT to clients, and they have already started preliminary development and testing of related software and hardware products, it pointed out.

Editor: Futura Costaglione