Chinese chip developer XY Tech nets nearly $59m from CICC, IDG, others

Chinese chip developer XY Tech nets nearly $59m from CICC, IDG, others

XY Technology Co., Ltd, a producer of optical communication chips and other silicon photonics, on Wednesday announced that it has garnered nearly 400 million yuan ($59 million) in a Series B round of financing led by Chinese leading venture capital firm CICC Capital’s sub-fund CICC Fengtai. 

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