Shandong Hengsheng Graphite Technology Co., Ltd announced that it has received funding from Shanghai Orient Securities Capital Investment Co., Ltd., Shenyin & Wanguo Investment Co. Ltd., Galaxy Venture Capital, GRINM Semiconductor Materials Co., Ltd., Shanghai Kaiyuan Sichuang Investment Co., Ltd., Shandong Shanfa Green Private Equity Fund Management Co., Ltd
September 25, 2023
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Shandong Hengsheng Graphite Technology Co., Ltd announced that it has received an equity round of funding on September 26, 2023. The transaction included participation from new investors Shanghai Orient Securities Capital Investment Co., Ltd., Shenyin & Wanguo Investment Co. Ltd., Galaxy Venture Capital, GRINM Semiconductor Materials Co., Ltd., Shanghai Kaiyuan Sichuang Investment Co., Ltd., Shandong Shanfa Green Private Equity (Investment) Fund Management Co., Ltd. The round is raised at a valuation of CNY 5,000,000,000.
GRINM Semiconductor Materials Co Ltd is a China-based company mainly engaged in the research and development, production and sales of semiconductor silicon materials. The Company's products mainly include semiconductor silicon polishing wafers, silicon materials for etching equipment and fused silicon single crystals in semiconductor regions. The Company's products are mainly used in the manufacture of discrete devices, power devices, integrated circuits, silicon components for etching equipment, as well as automotive electronics, industrial electronics, aerospace and other fields. The Company mainly conducts its businesses in domestic and overseas markets.