Shanghai-based InnoStar Semiconductor, established in 2019, develops RRAM memory chips.
InnoStar uses a 28-nm process and is said to be China's first RRAM developer. In 2024, ByteDance (TikTok) acquired a 9.5% stake in InnoStar, aiming to embed its memory technology in its future VR headsets, developed by the company's Pico subsidiary.
Shanghai
Shanghai Shi
China
YF Capital acquires a 2.1% stake in China-based RRAM maker InnoStar
YF Capital has acquired a 2.1% stake in InnoStar, a Shanghai-based RRAM developer established in 2019. YF Capital is a private equity firm, linked to Alibaba's Jack Ma. This follows an investment by Ant Group (also founded by Jack Ma) in August 2025.
Last year ByteDance (owner of TikTok) also investment in InnoSTar, and holds a ~9% stake. InnoStar uses a 28-nm process and is said to be China's first RRAM developer.
ByteDance invests in Shanghai-based RRAM developer InnoStar, aiming to use its technology in future VR products
ByteDance (owner of TikTok) invested in InnoStar, a Shanghai-based RRAM developer established in 2019. ByteDance, through its Picoheart subsidiary, now holds a 9.5% share in InnoStar, making it the company's third largest stakeholder, after Memris Asia Pacific (28.8%) and Shanghai Alliance (26.3%).
Picoheart is ByteDance's VR developer, which means that ByteDance likely hopes to adopt RRAM technology in future VR headsets.