Qingchun Semiconductor (Shanghai) Co., Ltd. announced that it has raised hundreds of millions of CNY in a round of funding led by new investors, Nio Capital, Hangzhou Silan Microelectronics Co., Ltd, Walden International on April 26, 2023. The transaction also included participation from new investors Macmic Science&Technology Co.,Ltd., Shanghai Hongfu Asset Management Co., Ltd. and returning investor, GL Ventures, a fund managed by, Hillhouse Investment Management, Ltd. including a number of power and photovoltaic companies.