➀ Wanhua Integrated Circuit, a subsidiary of Jinhua Integrated Circuit, has successfully raised 9.5 billion yuan in funding, becoming a new unicorn in Hefei. The company focuses on display driver chips and other semiconductor products. Jinhua Integrated Circuit, the parent company, will remain the largest shareholder after the financing. ➁ The investment round is led by Agricultural Bank of China Investment and Industrial Bank of China Investment, with a total investment of 5.4 billion yuan. ➃ Hefei's success in attracting investment and fostering an industry cluster is a result of its 'Hefei Model', which involves investing in key industry leaders to attract more companies and create a complete industrial ecosystem.
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