The third generation semiconductor manufacturer, Changfei Advanced, successfully completed a series A+ financing round exceeding 1 billion yuan.

Today, Changfei Advanced announced the official completion of over 1 billion RMB in Series A+ equity financing. This round of financing was led by Jiangcheng Fund and Changjiang Industrial Group, with participation from Guanggu Financial Holdings, the Xinchexin Fund under Chery, and other institutions. The financing will mainly be used for the layout of the full industry chain technology of silicon carbide power semiconductors, accelerating the capture of the global market in emerging fields.