February 21, 2024

Omniverse Universe

Future Technology

Viiyong seeks lead in essential auto and smartphone part

Chinese language digital components enterprise Viiyong has raised 2 billion yuan (US$295 million) in a Collection B (second spherical) share problem meant to finance analysis and growth, and mass manufacturing of multilayer ceramic capacitors (MLCCs) for automotive functions at two new factories. Viiyong already provides the Chinese language auto, smartphone and different industries. 

Chinese language funding banks CITIC Securities and GF Securities funding corporations SDIC Enterprise Capital and Know-how Monetary Group have been reported to have supported the underwriting.

Viiyong’s founder and chairman Chen Weirong has been engaged on MLCCs for greater than 20 years. Viiyong, initially referred to as Guangdong Viiyong Digital Know-how, was based in 2017. Chen goals to make it one of many world’s high suppliers of MLCCs.