Sequoia China-backed IC materials maker Deer grabs $290.5m in pre-IPO round

Sequoia China-backed IC materials maker Deer grabs $290.5m in pre-IPO round

Photo by Brian Kostiuk on Unsplash.

Fujian Deer Technology Corp, a Chinese manufacturer of materials used in applications like integrated circuits (ICs), flat-panel displays, and optical fibers, has secured 2.036 billion yuan ($290.5 million) in its pre-IPO funding.