Wuhu Qidi Semiconductor Co., Ltd. announced that it will receive CNY 1,088 million in funding led by new investor Yangtze Optical Fibre And Cable Joint Stock Limited Company on December 9, 2021. The transaction will include participation from new investors Shanghai Shenhe Investment Co., Ltd. and Hangzhou Dahe Thermo-Magnetics Co., Ltd. for CNY 200 million and Yangtze Optical Fibre And Cable Joint Stock Limited Company will invest CNY 888 million. The company will raise the fund through third-party allotment.