AST Technology completes strategic financing of over 300 million yuan to accelerate the development of automotive-grade SiC MOS chips

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In January 2023, AST Technology completed a strategic financing of more than RMB 300 million, led by Wuyuefeng Capital, followed by China Development Bank, CITIC Construction Investment Capital, Rockchip Capital, and Shanjin Capital. This round of financing will mainly be used to accelerate the research and development and technological innovation of automotive-grade SiC MOS chips.