Tongguang shares continue to raise funds and has launched an IPO

Since its establishment, Tongguang Co., Ltd. has attracted many investors. According to Qichacha data, the company has completed 9 rounds of financing from the angel round of financing in 2016 to the F round of financing in 2023. Investors include BAIC Industrial Investment, Great Wall Motors and other automakers. The scale of the F round of financing in December 2023 reached 1.5 billion yuan. These funds will be used to accelerate the layout of key projects, build technical barriers, build an enterprise-level ecological system and cultivate talents in the third-generation semiconductor industry. In addition, Tongguang Co., Ltd. has started the IPO process in March 2022 and is currently in the coaching stage.