China’s Zhongning Silicon Industry bags over $112m in fresh funding round

China’s Zhongning Silicon Industry bags over $112m in fresh funding round

Zhejiang Zhongning Silicon Industry. Image Source: Phoenix Tree Capital Partners' official WeChat account.

Zhejiang Zhongning Silicon Industry, which makes silane gas and electronic-grade polysilicon used in integrated circuit industry, has secured 800 million yuan ($112.7 million) in a fresh funding round led by China-focused private equity investment firm Phoenix Tree Capital Partners. 

Edited by: Padma Priya