YOFC Advanced Completes Over RMB 1 Billion Series A+ Round to Accelerate SiC Semiconductor Expansion

Recently, Changfei Advanced Semiconductor, a third-generation semiconductor company, announced the completion of a Series A+ financing round exceeding RMB 1 billion. The round was co-led by Jiangcheng Fund and Yangtze River Industry Group, with participation from multiple investors including Optics Valley Financial Holdings and Qichen Zhilian Fund, an investment vehicle under Chery. The proceeds will primarily support R&D and capacity expansion across the entire silicon carbide power semiconductor value chain, accelerating the company's global footprint and enhancing its competitiveness in emerging markets such as new energy vehicles and photovoltaics.