Menhai Microelectronics Completes RMB100 Million Series C Financing

Suzhou Menhai Microelectronics Technology Co., Ltd. recently completed a C round of financing worth 100 million yuan, with Oriza Holdings, Fosun Ruizheng Capital, Suzhou Industrial Park Science and Technology Innovation Fund, Nantong Haozhi and others jointly completing this round of investment. The financing funds will be mainly used for the research and development of photovoltaic products, market development and operating capital supplement. Menhai Microelectronics focuses on the research and development of new generation smart grid systems and new energy photovoltaic products.