Recently, Chip Microelectronics Technology (Shanghai) Co., Ltd. completed the C round of financing. This round of financing was jointly led by Shengshi Capital and Tongchuangweiye under Shanghai Guosheng Group. The participating capital also included Cornerstone Capital, Midea Investment, etc., old shareholders Zhongke Chuangxing, Langmafeng Venture Capital and funds under Zhangjiang Group Continue to make additional investment, with a total financing of several hundred million yuan. The completion of this financing will further promote the research and development of domestic high-end power devices and third-generation semiconductor silicon carbide products.
Founded in 2019, Yaoxinwei is headquartered in Zhangjiang, Shanghai, and has R&D centers and branches in Xi’an, Shenzhen, Huzhou and other places. The company is committed to the research and development, production and sales of power devices and smart sensor chips. The performance of the two core product lines of power devices and MEMS+IC has been rapidly improved. The products have been verified by leading customers in various fields. The company has achieved profitability and continues to deploy products such as third-generation semiconductor silicon carbide and audio signal chains.
Shengshi Capital said: With the gradual release of downstream demand dividends in various fields such as photovoltaics and new energy vehicles, and the significant increase in the domestic alternative space under the background of the global shortage of cores, Yaoxin Micro relies on its products to benchmark the performance of foreign leading enterprises. Competitive advantage , is expected to gain a wider market share. Investing in Yaoxin Micro will further improve the extended layout of the Yangtze River Delta Industrial Innovation Fund in the field of high-end power devices and third-generation semiconductor silicon carbide, and will also contribute to the development of chip design and semiconductor industry in the Yangtze River Delta region, especially Shanghai. The fund will continue to pay attention to industrial development and changes, strive to integrate resources of all parties, and join hands with investee companies to open up a new situation in the development of domestic power devices and smart sensor chip industries.
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