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Leuven Instruments loops in series B financing

Apr 24, 2020 • Robert Lavine

CAS Star has led a $14.1m round for the semiconductor production equipment maker that will fund hiring and product development.

China-based semiconductor technology developer Leuven Instruments has secured RMB100m ($14.1m) in a series B round led by CAS Star on behalf of Chinese Academy of Sciences, China Money Network reported on Wednesday.
Furniture retailer Red Star Macalline, investment manager C.Domain Capital, investment firm Xianghui Capital and Zhongji Investment, a joint investment group that focuses on China’s Hebei province, also took part.
Leuven provides equipment that facilitates the production of memory and sensor products, including metal-etchers, anti-contaminating systems for…

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