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Hefei Tianyao New Material Technology Co., Ltd., a pioneering developer of cadmium zinc telluride (CdZnTe), a crucial semiconductor material, has recently announced the successful completion of Series A funding amounting to tens of millions of yuan. This round was led by Houxue Capital, with additional investments from SMIC Polysource and Guoyuan Fund. The procured funds will be strategically allocated towards expanding production lines, enhancing product research and development, furthering overseas market expansion, and strengthening downstream detector integration businesses. Hefei Tianyao, specializing in third-generation semiconductor crystal materials, is dedicated to breaking the technological monopoly held by Europe, the United States, and Japan, thereby achieving domestic independence and control within the sector.
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