Guangdong Tianyu Semiconductor Technology Co Ltd announced that it has raised CNY 1,200,000,000 in a round of funding on July 6, 2023. The transaction included participation from new investors such as China Belgium Fund, Guangdong Yueke Investment, Nanchang Industrial Investment Group Co., Ltd., Guangdong Jiayuan Technology Co.,Ltd., China Merchants Zhiyuan Capital Investment Co., Ltd. and Qianchuang Capital.