Sicreat raises $147M to localise chip-etching supply chain
What's the deal? Sicreat, a Suzhou-based maker of advanced semiconductor materials and components, has raised about 1 billion yuan ($147 million) in a Series C extension. Oriza HoldingsDealroom has a profile for this one. Try Dealroom → led, joined by ZP Capital, YF CapitalDealroom has a profile for this one. Try Dealroom →, BOC CapitalDealroom has a profile for this one. Try Dealroom →, China Post Capital Management, and a Suzhou state-owned venture fund.
What does it do? Founded in 2013, Sicreat makes plasma etching consumables and core parts for advanced process nodes. It runs an integrated stack spanning silicon crystal growth, precision micro-nano machining, surface coating, and electronic control systems.
What's the endgame? The capital will accelerate R&D in advanced process components and strengthen its position as a global supplier of critical equipment parts. In 2020, it became one of the first Chinese firms to produce 450mm semiconductor-grade single-crystal silicon ingots, which it says helped break long-standing overseas dominance in the segment.
Why now? The round follows a Series D worth several hundred million yuan that Sicreat closed in April 2026, underscoring investor appetite for China's chip equipment localisation push. Its products already feed the supply chains of Advanced Micro-Fabrication Equipment Inc. China and NAURA Technology GroupDealroom has a profile for this one. Try Dealroom →.
The signal: Sicreat's $147 million sits toward the upper end of late-stage chip rounds, where $50–$200 million is common. In a capital-intensive sector, back-to-back rounds point to concentrated bets on domestic substitution over thinly spread small plays.
Read more: yangtzeer.com
Image credit: IBM Research
