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Chinese EDA startup Physim has completed Series A+, raising over RMB 10 million ($1.44 million), as Chinese semiconductor news outlet ijiwei reported on Tuesday. The money will be used for expanding the research and development team, industrial integration, and merging or acquiring new firms. Founded in 2019 in Shanghai, Physim focuses on EDA (electronic design automation) software, which is essential for chip design. The US banned exporting such software for 3nm nodes and more advanced chipmaking to China in August. [ijiwei, in Chinese]
