Chinese CTC Capital hits final close of second semiconductor fund
Chinese CTC Capital hits final close of second semiconductor fund April 26, 2021 Semiconductor industry-focused CTC Capital on Monday announced that it has hit the final close of its second RMB-denominated fund at 3.5 billion yuan ($539 million). The oversubscribed fund attracted a slew of investors including government-led funds, state-owned industry majors and fund-of-funds, the VC said in a statement. CTC Capital is looking to shore up its investments in the semiconductor industry focused on AI, data centres, 5G network, internet of things (IoT) and smart automobiles. Shanghai-based CT...
Source: dealstreetasia.com