The third generation semiconductor silicon carbide single crystal substrate enterprise completes D-round financing with optical crystal.

Recently, Hebei Tongguang Crystal Co., Ltd. (hereinafter referred to as "Tongguang Crystal") announced the completion of D-round financing, jointly invested by Lianxin Capital, Yunhui Capital, Gongqingcheng Boyan Capital, Haolan Capital and BAIC Industry Investment Fund.

Tongguang Crystal news shows that this round of financing will be used to further accelerate the layout of key projects, build technical barriers, build an enterprise ecosystem, and train talents in the third generation semiconductor industry.

Prior to this, Tongguang Crystal completed several rounds of financing, including Galaxy Source and Exchange, CITIC Industrial Fund, CIC Entrepreneurship, and so on.

Tongguang Crystal was founded in 2012, relying on the Institute of Semiconductor of the Chinese Academy of Sciences, specializing in the R & D and preparation of the third generation semiconductor silicon carbide single wafer, and is also the first strategic enterprise to engage in the third generation semiconductor industry in China.

Lianxin Capital said that thanks to technological progress and the rapid development of downstream demand industries such as 5G communications, new energy vehicles and photovoltaic, the third generation semiconductors have entered the growth stage and large-scale commercial applications have been launched. The same optical crystal wei has profound technology and rich experience in mass production in the upstream material link of the third generation semiconductor industry chain and in the field of silicon carbide substrate. We have full confidence in the advantages of Chinese enterprises in building an independent and controllable whole industry chain in the field of third-generation semiconductors, and look forward to excellent domestic enterprises participating in international market competition and reshaping the semiconductor industry.

It is worth mentioning that, according to Tongguang Crystal in March, the infrastructure construction of Tongguang crystal silicon carbide single crystal substrate project was over-planned, and the construction of the factory building was capped.