Zhanxin Electronics completed the first batch of nearly 1 billion yuan of funds in the C round of financing

Shanghai Zhanxin Electronic Technology Co., Ltd. recently announced that it has successfully completed the first round of nearly 1 billion yuan of funds in its C round of financing. This round of financing was led by the China Development Bank Manufacturing Transformation and Upgrading Fund, followed by CICC Capital, old shareholders Jinshi Investment, and Xinxin. Zhanxin Electronics plans to use this money for product and process research and development, expansion of the production scale of silicon carbide wafer fabs, and company operations to improve the market competitiveness of its products and enhance the wafer fab's supply guarantee capabilities to meet the rapidly growing market demand.