China's Tian Yu Semiconductor Energy notches over $176m as it preps for IPO

China's Tian Yu Semiconductor Energy notches over $176m as it preps for IPO

Dongguan. Image from Unsplash by EvoMao.

Tian Yu Semiconductor Energy, which manufactures silicon carbide epitaxial wafer, a key ingredient in high-power devices, has notched 1.2 billion yuan ($176.7 million) in a funding round to expand its production capacity. 

Edited by: Joymitra Rai