Recently, VCSEL chip company Zonghui Optoelectronics announced the completion of a new round of financing worth hundreds of millions of yuan, led by Dongyangguang, with existing shareholders Yaotu Capital and Yongxin Fangzhou participating. Yaotu Capital has made multiple follow-on investments since its initial investment in 2018.
Zonghui Optoelectronics has previously received capital support from more than 20 companies, including Hubble, Xiaomi, BYD, DJI, and the China Development Bank Manufacturing Fund.
Founded in 2015 by several overseas-returned PhDs, ZWC Optoelectronics is currently the VCSEL chip supplier with the highest market share in China. The company's products cover fields such as automotive LiDAR, smartphones, 3D sensing, automotive electronics, and high-speed optical communication, with cumulative shipments exceeding 500 million units.
In the consumer electronics sector, Zonghui Optoelectronics' products are widely used in mobile phone brands such as Huawei. In the automotive electronics sector, Zonghui Optoelectronics has been continuously investing in the research and development of related products since 2019.
In terms of production capacity, the FabX project, with a total investment of 550 million yuan, was completed and put into operation in Wujin National High-tech Industrial Development Zone on September 10 this year. The project covers an area of 40 mu (approximately 2.67 hectares) and has a building area of 28,000 square meters. After reaching full production capacity, it will realize the large-scale production of gallium arsenide and indium phosphide chips.
Image source: Zonghui Optoelectronics
