Recently, Jinan Jingzheng Electronics, the world's leading photovoltaic crystal thin film materials research and development enterprise, completed hundreds of millions of dollars in financing, this round of financing the old shareholders Yuanchuang Duoying continue to lead the investment, the Greater Bay Area Fund co-lead the investment, and YiDa Capital and other institutions to follow the investment.

Founded in 2010, Jingzheng has developed lithium niobate crystal films with a diameter of 3-8 inches and a thickness of 300-900 nanometers, and it is the first company in the industry to make lithium niobate films from 8-inch lithium niobate crystals, which is an absolute advantage in the world.

Behind this company stands a pair of Shandong brothers - Hu Wen and Hu Hui. Hu Wen, the founder, used to do software development and testing work in a company under IBM, and then returned to China to establish JINGZHENG Electronics, focusing on the research and development of lithium niobate single-crystal thin film, which is aimed at the field of high-end communication; Hu Hu Hu, as a technical expert, helps JINGZHENG to overcome the technical difficulties.

Lithium Niobate Film

Harvard University has published an announcement that the significance of lithium niobate for photonics is equivalent to the significance of silicon for electronics. Lithium niobate single-crystal thin film is a key material for manufacturing high-speed electro-optical modulators, which is very suitable for use in optical modules above 800G, dramatically increasing the speed of optical fiber communication and reducing energy consumption.

Technological breakthrough

Hu Wen compared lithium niobate single-crystal thin film materials to “flour”, compared to themselves as “flour people”. “The finer the flour is ground, the more and better fine products can be made from it.” Foreign countries have long wanted to make lithium niobate into a thin film for mass production, but due to the high technical difficulties and can not be realized. Crystal Positronics through the “ion implantation slicing” method - in the lithium niobate substrate sheet injected into a layer of high-dose particles, and bonded to the silicon substrate with a silicon dioxide buffer layer, and then stripped through a special heat treatment of lithium niobate single-crystal thin film, the formation of lithium niobate Thin film material.

Industry chain and market prospects:

The technological breakthrough of Jingzheng Electronics has solved the “necklace” problem of foreign integrated optical chips and 5G RF chip materials, and promoted China's technological level in high-precision fields to a leading position in the world. The IPO will further expand its production scale to meet the growing market demand.

Investment and Cooperation:

JCI completed hundreds of millions of dollars of financing, and Huawei became one of its shareholders through Shenzhen Hubble Technology Investment Partnership (Limited Partnership). In addition, JingZheng Electronics established a deep cooperation with Yuanchuang Duoying, which invested in the field of optoelectronic device suppliers and lithium niobate thin film optical chips and device suppliers, and held Shandong HengYuan Semiconductor Science and Technology Co., Ltd. in the upstream, which formed an industrial layout from materials to chip devices.

Influence of JCI's IPO on the optical communication industry：

1. Capital market recognition: attract more investors to pay attention to and invest in the optical communication industry, providing financial support for the further development of the industry.

2. Industry Growth Expectation: Epistar's IPO and its progress in the field of thin-film lithium niobate modulators foretells the growth of demand in the optical communications industry, especially for high-speed optical modules. With the accelerated construction of data centers and the demand for high-speed data transmission, high-speed optical module demand growth is expected to be strong.

Let's look forward to the technological revolution brought about by lithium niobate single-crystal thin films.