Xulun Technology, a prominent Chinese semiconductor material enterprise, has recently successfully concluded its Series A3 and A4 strategic financing rounds, raising a total exceeding RMB 100 million. Among the investors are Nova Capital, a subsidiary of NAURA; the Beijing Electric Control Industry Investment Fund; and the Qianhai Ark Fund. The capital raised will be predominantly allocated towards upgrading production lines and associated support systems. Additionally, it will be utilized to bolster investment in research and development (R&D) innovation and to foster talent development within the company.
