Sanan Optoelectronics Sees Significant Growth with Major Financing and Technological Breakthroughs
In a major development, Sanan Optoelectronics Co Ltd, a leading player in the information technology sector, has received substantial financing, totaling 12.17 billion yuan, over the past two days. This influx of capital has led to a substantial increase in the company’s financing balance, exceeding historical levels.
The company’s financial boost comes at a time when the semiconductor industry is experiencing a comprehensive recovery. The chip ETF has risen 1.22%, with several key companies, including Sanan Optoelectronics, seeing significant gains. The company’s stock price has also reached a new high, with a notable increase of 2.56% on August 21.
Sanan Optoelectronics’ technological prowess has been a key driver of its success. The company boasts domestic leadership in phosphorus indium (InP) epitaxial growth, chip manufacturing, and packaging processes. Its recent achievement of reducing resistance in its SiC MOSFET from 16mΩ to 13mΩ is a notable example of its innovation. The company has also completed verification with top domestic electric vehicle clients, further solidifying its position in the market.
The company’s subsidiary in Hunan has also made significant strides, achieving production capacity of 16,000 wafers per month for 6-inch carbonized silicon, 1,000 wafers per month for 8-inch carbonized silicon substrates, and 2,000 wafers per month for 8-inch carbonized silicon chips.
Key Highlights:
- Sanan Optoelectronics receives 12.17 billion yuan in financing over two days
- Company’s financing balance exceeds historical levels
- Stock price reaches new high with 2.56% increase on August 21
- Chip ETF rises 1.22% with several key companies seeing significant gains
- Company boasts domestic leadership in phosphorus indium (InP) epitaxial growth, chip manufacturing, and packaging processes
- Recent achievement of reducing resistance in SiC MOSFET from 16mΩ to 13mΩ
- Completed verification with top domestic electric vehicle clients
- Subsidiary in Hunan achieves significant production capacity