On February 9th, 2023, JTM announced having completed an angel-plus round of financing of several millions of dollars in December 2022. The new partner is Fuhua Capital (GRC), a professional semiconductor investment institution established in 2005.
 

The GRC team specializes in venture investments in hard-core technology startups in the areas of Energy Efficiency, New Materials, Smart Infrastructure, Advanced Mobility, Digital Transformation, and Health & Wellness.
 

Zhou Benyi, a partner of Fuhua Capital, said: "JTM is a leader in GaN semiconductor power devices. Its core team covers analog chip design, device structure, and process technology. In addition to international-level R&D and innovation capabilities, it also has decades of hands-on experience in the development and commercialization of power devices. Fuhua Capital is honored to cooperate with JTM to help the company strengthen its integration within the semiconductor supply chain and develop its unique products. We are looking forward to JTM leading the transformation of data centers, electric vehicles, renewable energy systems, industrial motors, and consumer electronics industries in the future." 
 

This round of financing will be used to further develop our products, expand the marketing team, and ship samples of our core products to customers.