Beijing Funds World-class Tech Innovation R&D Institute
The Beijing Municipal Science and Technology Commission has launched a fund to support establishing a world-class R&D institution encompassing such projects as the Quantum Institute, Brain Science Center and Artificial Intelligence Research Institute. Of the 30-billion-yuan technology innovation fund of fund (FOF), half will be invested in original innovation.
The technology innovation FOF was launched in June 2018 and focuses on investing in a range of technical innovation areas. These include optical technology, next-generation information technology, nanotechnology, strategic new materials, new energy, biomedicine, smart manufacturing, modern agriculture, modern transportation, energy saving, quantum calculation and quantum communication, big data, and artificial intelligence, to name a few.
WaferChina Closes A-round Financing for GaAs-based VCSEL Epi Wafers
Xi’an WaferChina Technology Corp has closed A-round financing for an undisclosed amount. The investment will enable WaferChina to expand capacity and realize larger quantities of commercial products.
Established in 2017, WaferChina engages in research, manufacture and sales of gallium arsenide (GaAs)-based vertical-cavity surface-emitting laser (VCSEL) and 808/980 high-power semiconductor laser epitaxial wafers. The company also provides R&D for semiconductor materials, optoelectronic materials and develops quantum communication technology.
Customer feedback indicates that WaferChina is currently the only large-scale GaAs epitaxial manufacturer with small-batch mass production capability that meets commercial parameters. The company’s skilled founders’ team includes Dr. Ping Gong, who possesses 20 years of experience in production, marketing and sales within the metal-oxide chemical vapor deposition (MOCVD) industry.