Core News丨Tongguang shares raised 1.5 billion yuan in a single round of financing and may sprint towards the IPO of the Science and Technology Innovation Board in the future

❶Tongguang Co., Ltd. raised 1.5 billion yuan in a single round of financing and may sprint towards the IPO of the Science and Technology Innovation Board in the future

On December 11, Hebei Tongguang Semiconductor Co., Ltd. announced the completion of Series F financing. The scale of this round of financing is 1.5 billion yuan, led by Shenzhen Venture Capital New Materials Fund for Manufacturing Transformation and Upgrading, Beijing-Tianjin-Hebei Coordinated Development Industrial Investment Fund, and jointly invested by Baoding High-tech Zone Venture Capital Co., Ltd. and Hebei Industrial Investment and New Industry Development Center . Tongguang Co., Ltd. said that the funds raised will be used to further accelerate the layout of key projects, build technical barriers, build an enterprise-level ecosystem, and cultivate third-generation semiconductor industry talents. Similar to the development path of many domestic silicon carbide substrate companies, Tongguang Co., Ltd. has completed multiple rounds of financing while also accelerating the IPO process. (Science and Technology Daily)

❷Jingzhan Semiconductor completed hundreds of millions of yuan in C+ round of financing

Recently, Jingzhan Semiconductor announced the completion of the C+ round of financing of several hundred million yuan. This round of capital increase was jointly led by Shangqi Capital, SAIC Group Strategic Direct Investment Fund, and NIO Capital. Huiyu Investment, Xinshang Capital, Lianxin Assets, and Hefei Construction Investment Capital, MiHoYo, Jingming Capital and other institutions followed the investment, and old shareholder Anhui Hezhuang continued to increase its investment. The funds obtained from the financing are planned to be used to expand production capacity and further increase scientific and technological innovation research and development in the fields of new products and new technologies. Jingzhan Semiconductor is a third-generation semiconductor gallium nitride epitaxial company that has long been focused on the research, development and industrialization of high-quality GaN materials. (Science and Technology Daily)

❸Tengjing Technology: The company’s precision optical component products can be used in high-speed optical modules

Tengjing Technology issued a change announcement. The recent increase in computing power demand driven by AI applications and the new architecture of communication networks have attracted high attention in market hot spots. In the field of optical communications, the company's precision optical component products can be used in high-speed optical modules. The specific demand fluctuates with customer orders and there is uncertainty. There is also uncertainty about the sales or profit contribution of the above products to this year (Science and Technology Daily)