Tang Optoelectronics closes RMB113m financing round led by Shanghai Pudong Kechuang Group

Zhongsheng Optoelectronics has recently completed a new round of stock directional issue, led by Shanghai Pudong Kechuang Group.

Zhongsheng Optoelectronics, or Tang Optoelectronics Equipment, has recently completed a new round of stock directional issue, led by Shanghai Pudong Kechuang Group.

The funds raised will be used for R&D and production of the third generation of semiconductor discrete device high-end equipment.

Besides Shanghai Pudong Kechuang Group, the round also saw participation from Haitong Shengyang, Shanghai Zhangjiang Science & Technology Venture Capital, CAS Star, Tongqi Investment, Chen Aihua, Chairman and General Manager of Zhongsheng Optoelectronics, and others.

Founded in May 2011, Zhongsheng Optoelectronics is a developer and manufacturer of metal organic chemical vapor deposition (MOCVD) equipment.

The company is engaged in the research, development and production of metal organic chemical vapor deposition equipment that are used to deposit very thin layers of atoms onto a semiconductor wafer and also provides after sales and maintenance services for their products.

As an upstream equipment manufacturer in the semiconductor industry chain in China, the MOCVD (Metal Organic Chemical Vapor Deposition) equipment developed and produced by Zhongsheng Optoelectronics is the key equipment for the production of second and third generation semiconductor discrete devices, with independent intellectual property rights.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/08/16/tang-optoelectronics-closes-rmb113m-financing-round-led-by-shanghai-pudong-kechuang-group/.

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