Chongqing Xinhui Materials Technology Co., Ltd. has completed a 30 million yuan ($4.2 million) Series B+ financing round backed entirely by Xi’an Yicai, as domestic capital continues to flow into critical semiconductor equipment components and materials to hedge against tightening international trade restrictions. Founded in 2022 in Chongqing’s Liangjiang New Area, Xinhui Materials manufactures core equipment parts and specialized materials for chipmakers. The fresh capital injection comes amid a broader acceleration of funding and initial public offerings across China’s semiconductor hardware supply chain, driven by state policy incentives and an aggressive push for domestic supply-chain self-reliance. The capital expansion in…
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