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On July 18, Yinglefei Semiconductor (Nanjing) Co., Ltd. changed its business registration information and added several new shareholders, including Hubei Xiaomi Changjiang Industrial Investment Fund Partnership.
Jin Cunzhong, Executive Deputy Secretary General of China Electronic Production Equipment Industry Association (CEPEA), introduced the current situation of China's semiconductor equipment industry.
According to the prospectus, the firm plans to raise 2.686 billion yuan ($422.5 million) in the transaction.
On Thursday, Chinese electronics firm TCL indicated that over the next five years it will invest more than 20 billion yuan ($3.1 billion) in the fields of smart terminals, semiconductor display and materials, semiconductor photovoltaics.
As the coronavirus spreads around the world creating a new wave of panic and uncertainty, the VC landscape starts to look desolated again.
Wuxi Leapers Semiconductor Co., Ltd., a Chinese manufacturer of high-performance SiC modules, secured an A+ round of financing from New Alliance Capital and SoftBank China Venture Capital.
In last week’s VC news, drug research firm XtalPi raised a massive $400 million to bring it to a new lofty valuation, prominent LiDAR company Innovusion closed a $66 million Series B round, and more.
Xiamen Sky Semiconductor, a company dedicates to 5G RF device packaging and integration technology, announced on Monday that it had completed a B round of financing worth several hundred million yuan.
SMIC has released its report for the first half of 2021, revealing a 278% year-on-year increase in net profits compared to the same period last year.