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According to the information released by Tianyancha APP on August 11, Wuhu Tongchao Precision Machinery Co., Ltd. announced its Series A financing. The amount of financing was not disclosed. The institutions participating in the investment included a certain industry party, Bangsheng Capital, Camel Fund, Guoyuan Innovation Investment, Guoyuan Fund, Hefei Construction Investment Capital, and Guohe Investment.

The historical financing of Wuhu Tongchao Precision Machinery Co., Ltd. is as follows:

Wuhu Tongchao Precision Machinery Co., Ltd. was established in March 2016. It is engaged in the new product manufacturing and surface treatment of core components (upper and lower electrodes, heaters) of key equipment for display panels and integrated circuits, covering metal parts, high-purity silicon parts, quartz parts, etc. The company's products are mainly used in the reaction chambers of various key equipment such as thin film deposition equipment and etching equipment, and participate in the core process links (thin film deposition and etching) of display panel and wafer manufacturing. They have an important impact on the electrical properties and yield of panels and wafers. Therefore, downstream customers are extremely strict in product verification. At the same time, the above-mentioned products have large losses due to long-term exposure to harsh reaction environments such as high temperature and corrosion, and need to be replaced regularly to ensure equipment performance. They are consumable parts. While mastering downstream equipment technology, American, Japanese and Korean companies have also made long-term layouts in the upstream material and component manufacturing links, resulting in domestic display panel and wafer manufacturers. For a long time, the degree of dependence on foreign companies for the above-mentioned parts has been high.

Data source: Tianyancha APP

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