Baishi Electronics received RMB 300 million in Series A financing

Baishi Electronic Technology recently announced that it has completed its Series A financing with a total financing amount of over 300 million yuan. This round of financing was led by Hangshi Asset Management, followed by well-known investors such as Yida Capital, Huaying Capital, Achen Technology, Kehong Investment, Yonghua Investment, GRC Fuhua Capital, and Fuxi Investment. Old shareholders Yachang Investment and Jinpu Investment continued to increase their investment. The financing will mainly be used for production expansion and purchase of production equipment. Baishi Electronics was established in August 2019 and specializes in the production of silicon carbide and gallium nitride related epitaxial wafers, including GaN on Silicon, GaN on SiC and SiC on SiC. It provides professional and high-quality silicon carbide and gallium nitride epitaxial foundry services for application markets such as high voltage, high power and radio frequency microwave.