CRRC Times Semiconductor received 4.3278 billion yuan in financing, with a valuation of over 20 billion yuan

CRRC Times Semiconductor recently announced that it has successfully introduced 26 strategic investors and employee stock ownership platforms, with a financing amount of RMB 4.3278 billion. It is reported that there are more than 100 potential investors participating in this round of financing, and the competition is very fierce. In the end, 26 investors including national funds, local state-owned assets, semiconductor professional funds and securities funds successfully entered the game. According to the calculation of the capital increase ratio, the valuation of CRRC Times Semiconductor has exceeded RMB 20 billion, becoming the largest unicorn in Hunan this year.