On November 2, Xinlian Dynamics, a compound semiconductor company, announced the completion of nearly 2 billion RMB in Series C financing. The round was led by the China Mobile Chain Leader Fund, with participation from Inspur, Yuanjing Capital, Sinopec Hydrogen Energy Fund, NAURA Novachip Capital, Jiangfeng Electronics, Changzhou Xingyu, Cathay Capital, Puchao Capital, CCB Equity, CITIC Jinshi, CITIC Securities, Galaxy Yuanhui, and others. Following this financing, the company's valuation has reached 2 billion USD, with its shareholder base now encompassing industrial capital across sectors such as communications, computing power, power grids, new energy, and automotive.