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Recently, Hangzhou Novachip Microelectronics Technology Co., Ltd. made a public announcement stating that it has successfully wrapped up its angel round of financing, raising close to 100 million yuan. This funding round was spearheaded by HiSky Venture Capital, with HighLight Capital also participating as a co-investor. The freshly acquired capital will be strategically allocated towards the research and development of optoelectronic interconnect chip products. Additionally, it will facilitate team expansion and open up avenues for market penetration. These efforts are aimed at expediting the company's technological advancements and the swift implementation of its products in the high-speed optoelectronic interconnect sector, a move that aligns with the common practice in the tech investment world where early-stage funding fuels innovation and growth.
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