“Xinxin Technology” completed tens of millions of yuan in angel round financing, and Yuanhang Capital invested

Recently, Beijing Xinxin Technology Co., Ltd. (hereinafter referred to as “Xinxin Technology” or the “Company”) received an angel round financing of tens of millions of yuan from Yuanhang Capital.

Xinxin Technology was established in August 2015. The company is a high-tech enterprise focusing on the design and development of millimeter wave integrated circuit (MMIC) chips. The core products are high-frequency, high-bandwidth power amplifiers (Ku, Ka, etc.) and low-noise amplifier series (0~110GHz) chips and modules based on GaAs and GaN processes. The overall performance of the chip has reached the domestic leading and international advanced level, and the cost performance is extremely competitive. Several models of millimeter-wave integrated circuits such as low-noise amplifiers, power amplifiers, and mixers developed by the company based on GaAs and GaN processes have reached the mass production stage, and have initially formed a product model lineage, breaking foreign monopoly, and realizing High-quality domestic alternatives can be widely used in my country’s new generation of 5G, 6G communications, satellite broadband communications, security radar and other equipment.

As a Fabless company specializing in the design (Fabless) of second- and third-generation semiconductor RF devices and chips, Xinxin Technology has initially possessed the design and testing capabilities of high-power, high-frequency RF front-end core chips and modules, and has established a complete Millimeter wave chip innovation design platform. In addition to providing serialized general-purpose chips and modules, it can also provide one-stop services of customized design, testing and mass production for specific users.

The company’s core technology team has more than 20 years of experience in MMIC chip design, application and system development. It is one of the earliest high-end MMIC chip design teams based on GaAs and GaN processes in China. A good foundation has been laid for advancement and maturity.

MMIC chips, especially high-power and high-frequency radio frequency chips used in high-end equipment such as new-generation communications and radars, have always been a difficult point in the development of the domestic semiconductor industry. This field is basically monopolized by foreign manufacturers, with high prices and long delivery times. High-performance products also face the problem of being stuck, which to a certain extent drags down the research and development progress of domestic high-end equipment and affects the overall performance of the equipment. The launch of the company’s products provides a new solid foundation for the development of my country’s new generation of communications, precision detection, security radar and other high-end equipment industries.

Dr. Yao Hongfei, the founder of Xinxin Technology, said that the company’s current product indicators have reached the leading domestic and international advanced levels, and it has excellent experience in millimeter-wave integrated circuit device models, low-noise design, broadband design, high-stability design, and high-power design. With a number of core technologies, the products have index advantages, cost advantages, and supply advantages compared with similar foreign products. With the rise of high-speed communication and precise detection, millimeter-wave integrated circuits will surely usher in rapid development opportunities. Xinxin Technology will accelerate product launch and build a benchmark leader in China’s millimeter-wave integrated circuit chips.

Wang Xinhe, partner of Yuanhang Capital, said that the new-generation communication system marked by 5G and 6G is becoming the mainstream of the new-generation communication equipment. At the same time, precise detection equipment based on millimeter waves and terahertz frequency bands is becoming the mainstream of the new generation of radars. At present, in this type of equipment industry chain, the localization and high-end of RF front-end chips and devices (MMIC) has always been a weak link in my country. The technological and product achievements of Xinxin Technology have made breakthroughs in this link, and will effectively fill the gaps and deficiencies in my country’s new-generation communication/radar supply chain in the future.

The compound semiconductor chip design technology and millimeter-wave integrated circuit (MMIC) design technology possessed by Xinxin Technology have a comprehensive background, and the level and maturity of the products currently developed are the most important factors for Yuanhang Capital. Because of this, the company has a relatively long-term competitive advantage and great development opportunities. With the support of future market demand, the company is expected to become a leading benchmark enterprise in China.