Infinity Group, a Chinese investment firm founded by IDB Group, the largest conglomerate in Israel and financial institution China Development Bank, has done its first investment in the Chinese city of Chengdu, investing RMB8m in China-based chip company Solorein Technology.
Solorein was established in 2004. The investment was made by Infinity’s Chengdu Shuangliu Fund, designed to invest in that city.
Amir Gal-Or, Infinity Group founder, said, "Solorein develops and manufactures the leading Planar Light-wave Circuit technology in China. This is one of the reasons that make this company one of the most worthy investment opportunities in the Sichuan area. Infinity will make full use of its own IT and communication technology platform advantages to help Solorein achieve further leapfrog advancement."
Gal-Or added: "We have full confidence in Solorein’s skilled and professional executive management team, led by chief executive Li Chaoyang. We look forward to a fruitful partnership."