(Yicai) July 30 -- C*Core Technology’s stock price climbed after the Chinese chip designer said its new-generation electronics microcontroller unit, intended for intelligent assisted driving and smart cockpit use, has passed internal testing.

After surging by as much as 7.8 percent in Shanghai earlier today, C*Core’s shares [SHA: 688262] closed up 3.8 percent at CNY17.32 (USD2.39) each.

The performance of the independently developed CCFC3012PT can be compared to Infineon’s TC397/TC399 series, the Suzhou-based firm said late yesterday. The multi-core MCU is based on the 40-nanometer eFlash process that can better meet the needs of customers thanks to its higher computing power and information security level, it added.

Set up in 2001, C*Core is known for designing and developing embedded central processing unit cores, system-on-chip solutions, and providing related technical support and services. The firm’s products are used in a variety of applications, including auto electronics, industrial control systems, and consumer electronics.

The new chip can enrich C*Core’s high-profile series of vehicle electronics MCUs, help ease the shortage of high-profile MCU chips in China’s auto sector, especially the new energy vehicle segment, and boost the firm’s growth in the auto electronics market and its earnings, it said.

CCFC3012PT still needs to be evaluated by a third-party agency, with related work in progress, the company noted.

Editor: Futura Costaglione