Infinity backs Chinese specialist chip maker
Infinity Group, the Israel-based private equity firm created by China Development Bank and Israeli conglomerate IDB Group, has committed RMB8 million ($1.2 million) to Solorein Technology. It is the first investment made through Infinity’s Chengdu Shuangliu Fund, a vehicle set up in partnership with Shuangliu local government.
The capital will be used to support R&D efforts and expand production capacity. Solorein claims to be the only domestic producer of chips for use in planar light-wave circuits (PLC). These chips are known...
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