Chuangyebang was informed that recently, Chengdu Xinjin Electronics Co., Ltd. (hereinafter referred to as Xinjin Electronics), an analog and mixed-signal chip design company, completed a series A financing of over 100 million yuan, led by CRRC Capital, Huichuan Technology, Shangqi Capital, Jun Tong Capital, Cornerstone Capital, Aggregate Capital, Debi Investment followed up.
It is reported that this round of financing funds are mainly used to invest in new product research and development and production capacity reserves, and at the same time to expand the research and development team, sales team, replenish working capital, etc. , photovoltaic, lithium battery, industrial control and other fields of isolation, interface, op amp and other product lines.
Founded in 2013, Xinjin Electronics is an analog and mixed-signal chip design company headquartered in Chengdu, with branches in Shenzhen, Shanghai and other places. Various types of Hall effect and magnetoresistive effect magnetic sensor chips, current sensor chips, motor driver chips, power management chips, etc. have been mass-produced. Xinjin Electronics has become a leading customer supplier in the field of Hall sensors. Its products are widely used in photovoltaic inverters and automotive regulations. It has entered Huawei, CRRC, BYD, SAIC and other customers and their supply chains. The company’s current sensor products have fully entered the industrial control, photovoltaic, energy storage and other industries, and customers include Sungrow, INVT, Xinwangda, Anker, etc.
The founding shareholders of Xinjin Electronics, Chen Zhongzhi, Peng Zhuo and Zhao Xiang, are senior integrated circuit design engineers in the industry. The three are classmates of the University of Electronic Science and Technology of China in 2000. After graduation, they have worked in well-known domestic semiconductor companies for nearly 10 years. Familiar with semiconductor production, R&D and test processes.
According to the data of Wisdom Bud, Xinjin Electronics has recently focused on the technical fields of brushless DC motors, output terminals, driver chips, current sensors, amplifiers and other technical fields. It has published 48 patent applications, and invention patents account for 58.33%. Patents with high market value Including “a magnetic sensitivity temperature compensation circuit and programmable linear Hall sensor chip” and so on.
It is predicted that the average annual growth rate of the magnetic sensor market will reach 8.3%, reaching nearly 3 billion US dollars in 2022 and 7.8 billion US dollars in 2028, with the domestic market accounting for about 40%. At present, the domestic market share of domestic magnetic sensor companies is less than 10%, and there is a huge space for replacing imported products.
Wang Jinyuan, executive director of CRRC Capital, said: “Magnetic sensors are widely used, involving automotive, industrial control, robotics, photovoltaics, energy storage and other fields. With the strengthening of electrification and automation trends in various industries, the market demand for magnetic sensors will explode. As a leading current sensor company in China, CRRC has been working closely with Xinjin Electronics to jointly develop and mass-produce a variety of sensor products, promoting the process of domestic substitution of magnetic sensors in this field. Huayu Guochuang, initiated by CRRC, The fund highly recognizes the deep accumulation of the Xinjin team in the field of analog chips, and is very optimistic about the broad prospects for the development of the company. CRRC Capital will help Xinjin Electronics become a leading enterprise in the magnetic sensor chip industry in an all-round way in terms of industry and capital.”
media coverage
A new start-up state in the investment world
Related events
- Chip design company “Xinjin Electronics” received over 100 million yuan in Series A financing, led by CRRC Capital2022-06-08
- Kemin Sensor completed tens of millions of yuan in Series A financing2022-05-11
- Gaolun Electronics completed the A round of financing of 100 million yuan2020-04-02
This article is reprinted from: https://readhub.cn/topic/8gEezwosuQS
This site is for inclusion only, and the copyright belongs to the original author.