Beijing Tongmei Xtal Technology Co., Ltd. has secured up to RMB 3.67 billion (approximately US$545 million) in private equity financing for expansion. This funding will enhance manufacturing capacity for indium phosphide semiconductor substrates.
Amount Raised
$545 Million
Round Type
Private Equity
FremontManufacturingDescription
AXT, Inc. announced that its subsidiary, Beijing Tongmei Xtal Technology Co., Ltd., has entered into agreements for private equity financing. The funds will be used to expand manufacturing capacity, business operations, and for capital expenditures. This financing aims to support general working capital as well
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