Chinese chip materials maker Xinhua bags $141m in Series B round

Chinese chip materials maker Xinhua bags $141m in Series B round

Raw material purification equipment run by Jiangsu Xinhua Semiconductor Technology. Photo from Xinhua's official WeChat account

Jiangsu Xinhua Semiconductor Technology, a Chinese firm that develops, manufactures, and sells semiconductor materials, has secured 1 billion yuan ($140.5 million) in a Series B funding round.

Edited by: Joymitra Rai

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter