Core Viewpoint - Shanghai Tongchuang Purun New Materials Co., Ltd. focuses on the research and production of high-purity metal materials required for integrated circuit manufacturing, becoming a key supplier for leading global chip manufacturers and supporting the production of AI chips and high-end electronic products [1][2]. Company Overview - Established on January 7, 2021, with a registered capital of 287.35 million yuan, the company is led by controlling shareholder Yao Shun, who holds 17.61% of the shares [1]. - The company specializes in high-purity materials such as 6N aluminum, 6N tantalum, 7N copper, and 5N manganese, which are essential for advanced chip manufacturing processes [1][2]. Production and Technology - In 2023, the company achieved large-scale production of ultra-high-purity manganese, becoming the second company globally capable of mass production of this material [2]. - The core materials required for 3nm advanced process chips include ultra-high-purity aluminum, copper, tantalum, manganese, and alloys, with purity levels reaching 5N or even 7N [2]. - The sputtering target materials produced by the company are used to form nano-level circuit interconnections in chip manufacturing [2]. Market Position and Strategy - The sputtering target material industry has historically been dominated by foreign companies, but the company is actively developing next-generation material technologies to meet the challenges of advanced processes driven by AI and high-performance computing [2]. - The company has established seven industrial bases globally and has over 700 employees, with more than 200 patents accumulated [2]. Financing and Investment - Since its establishment, the company has completed five rounds of equity financing, with the latest being a Pre-IPO round in September 2025, raising nearly 200 million yuan [2][3]. - In August 2025, the company completed an A+ round financing exceeding 1 billion yuan, with participation from various investment institutions [3][4]. Strategic Partnerships - The company has formed a deep strategic collaboration with Jiangfeng Electronics, serving as a core supplier of high-purity metal materials and supporting supply chain security and production continuity [5]. - Joint technical efforts are underway to develop and mass-produce ultra-high-purity aluminum, copper, and manganese sputtering targets, which have been certified and integrated into the supply chains of international mainstream chip manufacturers [5].

Company Overview - Shanghai Tongchuang Purun New Materials Co., Ltd. was established in July 2021 with a registered capital of 287.35 million yuan [2][4] - The company specializes in the research and production of ultra-pure metal materials for chip manufacturing, achieving world-leading levels with materials such as 6N aluminum, 6N tantalum, 7N copper, and 5N manganese [2][4] - As the sole domestic supplier of high-purity materials for Jiangfeng Electronics, the company's jointly developed ultra-pure aluminum, copper, and manganese sputtering targets have entered first-class international chip factories, holding over 40% of the global market share, ranking first in the world [2][4] Financing Situation - The company completed over 2 billion yuan in financing in 2025, including 1 billion yuan in Series B financing in August and 1 billion yuan in Pre-IPO financing in October [6][7] - The Pre-IPO financing round on October 15, 2025, raised 1 billion yuan, with investors including Shanggu Capital [7] - The Series B financing round on August 21, 2025, also raised 1 billion yuan, with notable investors such as SAIC Group and China National Building Material New Materials Fund [7]

Core Viewpoint - The establishment of the AIC Fund marks a significant breakthrough in the investment landscape of Ningbo, focusing on strategic emerging industries such as digital industry, artificial intelligence, new energy vehicles, high-end manufacturing, biomedicine, and new materials [4][6]. Group 1: AIC Fund and Investment - The AIC Fund has a total scale of 2 billion yuan, successfully completing its first investment in Shanghai Tongchuang Purun New Materials Co., Ltd., which specializes in ultra-high purity metal materials for semiconductor applications [4][6]. - The invested company, Tongchuang Purun, is a subsidiary of Jiangfeng Electronics, a leading global supplier of sputtering targets, and aims to address the domestic supply chain issues for target materials [4][6]. - The successful investment lays a solid foundation for the fund's future operations, with nearly ten quality projects currently in reserve [6]. Group 2: Ningbo's Innovation and Development Strategy - The Ningbo Jiangdong Science and Technology Innovation Zone is a major strategic area aimed at becoming a world-class innovation center, focusing on talent aggregation and innovation-driven development [6][8]. - The zone covers an area of 197 square kilometers and is designed to foster a robust innovation ecosystem, housing 51% of the city's provincial and ministerial-level innovation platforms and 84% of top talents [8]. - The zone is actively promoting emerging industries and planning future industries, with a focus on new materials, industrial internet, and intelligent manufacturing [8]. Group 3: Upcoming Events and Industry Focus - The TrendBank plans to hold the Heterogeneous Integration Annual Conference from November 17-19, 2025, to discuss advanced packaging technologies and foster collaboration between industry and academia [9][10]. - The conference will focus on core technologies such as multi-material heterogeneous integration and optoelectronic integration, inviting experts for in-depth discussions [10].

Group 1 - The core viewpoint of the article highlights the significant breakthrough achieved by the Industrial and Commercial Bank of China (ICBC) Ningbo Branch in the field of financial services for technology innovation, through the innovative "Direct Investment + AIC Fund Investment" dual-path model, injecting a total of 320 million yuan into Shanghai Tongchuang Purun New Materials Co., Ltd. for its semiconductor ultra-pure metal materials project [1][2] - The investment marks a new innovation in the equity investment model for serving technology innovation enterprises in Ningbo, with the collaboration of ICBC Financial Asset Investment Co., Ltd. and Ningbo Tonggao Industrial Investment Fund [1][2] - The invested company, Tongchuang Purun, is recognized as a leader in the ultra-pure materials field in China, possessing the only integrated circuit ultra-pure aluminum, tantalum, copper full-chain preparation technology and mass production capability in the country [1][2] Group 2 - ICBC Group emerged as the largest investor in this round of investment, successfully completing the equity delivery through efficient internal and external collaboration mechanisms with partners such as Ningbo Tongshang Fund Management Co., Ltd. and Ningbo High-tech Venture Capital Co., Ltd. [2] - The successful landing of this investment is a practical response by ICBC Ningbo Branch to the national strategy of cultivating new productive forces and strengthening technological innovation [2] - The bank plans to continue deepening the "Commercial Bank + Investment Bank" comprehensive financial service model, focusing on key core areas such as integrated circuits, high-end equipment, and new materials, to support technology innovation enterprises in overcoming technical bottlenecks and enhancing industrial competitiveness [2]

Group 1 - The strategic cooperation involves Industrial and Commercial Bank of China (ICBC) Ningbo Branch, ICBC Investment, Ningbo Tongshang Fund, Ningbo Gaotou Group, and Jiangfeng Tongchuang Group, focusing on semiconductor materials and high-end manufacturing [1][2] - The collaboration aims to provide long-term stable funding support for Ningbo technology enterprises, addressing financing term matching challenges through market mechanisms [1][3] - The partnership emphasizes "patient capital," which focuses on long-term support, deep empowerment, and risk-sharing, contrasting with traditional capital that seeks short-term returns [1][2] Group 2 - Jiangfeng Tongchuang Group is recognized for its "innovation + industrialization" development path, particularly in the semiconductor materials sector, and has established a company to address the domestic production of ultra-pure metal materials [2][4] - The investment of 320 million yuan in Jiangfeng Tongchuang's project aims to enhance confidence in overcoming key technological challenges and increasing production capacity [2][4] - ICBC Ningbo Branch has committed to supporting strategic emerging industries, with a focus on creating a comprehensive financial service model that integrates equity, loans, bonds, and insurance for technology enterprises [3][4] Group 3 - The collaboration is seen as a significant step towards building a collaborative innovation ecosystem among government, banks, and enterprises in Ningbo, contributing to the region's goal of becoming a hub for technological innovation [3][4] - The partnership demonstrates the effectiveness of market-oriented mechanisms in gathering "patient capital" to support core technological breakthroughs and the industrialization of hard technologies [4]