Chinese IC packaging material firm AaltoSemi bags $72.5m in Series A1 round

Chinese IC packaging material firm AaltoSemi bags $72.5m in Series A1 round

FILE PHOTO: A Chinese flag is displayed next to a "Made in China" sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration

Nanjing City-based AaltoSemi has raised 500 million yuan ($72.5 million) in a Series A1 round led by CTC Capital, a Chinese investment firm focused on the semiconductor industry. 

Edited by: Padma Priya