Infineon Electronics (Hangzhou) Co., Ltd. successfully completed the first round of financing in early December 2008. Zhejiang Shangrui Taixin Venture Capital Co., Ltd., a fund of Zhejiang Huarui Management, cooperated with an overseas investment company to formally invest in Yingfei Te Electronics (Hangzhou) Co., Ltd. Specific details were not disclosed.
Since its establishment in September 2007, Infineon has brought together a group of world-class switching power supply experts with the appeal of Dr. Huagui Chao and the unique technological advantages and accurate product and market positioning of the company in the global power electronics field. Together, we are committed to the research, development, production, sales and engineering services of high efficiency, high power density and high reliability switching power supply products. Infineon's high-efficiency power supplies are widely used in LED streetlights, tunnel lights, landscape lighting, architectural lighting, and other general lighting applications. Infinity also offers high-performance custom power products for customers in the computer, communications, medical and industrial equipment sectors. For more information on Infineon products, please visit the Product Center page.
Infineon wants to use the funds it has used to accelerate the research and development of new products, and to quickly promote existing products to the global market. We are very happy to cooperate with Huarui Investment Co., Ltd., and join forces to achieve new Ascendas, the leader in LED power supply worldwide! Dr. Hua Guichao, founder and CEO of Infineon Electronics, said.
Infineon Electronics has strong advantages and highlights in LED power technology. Peter Zong, CEO of Huarui Investment Co., said that we are very happy to work with such a good team and help them quickly bring world-class solutions to the fast. Growing LED market
Zhejiang Huarui Investment Management Co., Ltd. is a professional investment management institution engaged in venture capital funds and strategic investment fund management based on financial value-added services such as financial advisors, financing consultants and management consultants. It manages many investment institutions including Jiayin Investment Fund. The company's investment fund, the company has more than 300 million US dollars of assets, has invested in a large number of emerging industries, including IT, telecommunications, industrial equipment and consumer goods industry, is currently the fastest growing and most active professional investment management institution in China. Now, Huarui is helping more Chinese localization companies to become leaders in all fields of the world.
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