Yanwei Semiconductor raises ~$223M Series B, among China's largest chip rounds
What's the deal? Yanwei Semiconductor Technology has raised close to 1.5 billion yuan (about $223 million) in a Series B round, the Jiangsu-based chip company announced on August 27.
The round drew a wide syndicate. Industry players CETC Industrial Fund, CRRC Capital, and BOEDealroom has a profile for this one. Try Dealroom → took strategic stakes, while financial backers included CICC Capital, Woyan CapitalDealroom has a profile for this one. Try Dealroom →, Huatai Zijin, Bohua Industrial Investment, CMB AIC, BOC AIC, Houji CapitalDealroom has a profile for this one. Try Dealroom →, Hardcore Nut CapitalDealroom has a profile for this one. Try Dealroom →, Gaoxin CapitalDealroom has a profile for this one. Try Dealroom →, Shanxi Securities Innovation InvestmentDealroom has a profile for this one. Try Dealroom →, and Gaoliang Capital.
Who else joined? Existing shareholders Xigaotou, Hushan Capital, Xinke CapitalDealroom has a profile for this one. Try Dealroom →, Dianshi CapitalDealroom has a profile for this one. Try Dealroom →, Teda Science & Technology Investment, Linxin Investment, Xinshang Capital, and Xianghe Capital added to their positions.
Why it stands out: The round sits in the 99th percentile of Series B rounds for Chinese semiconductor companies over the past four years, ranking among the largest in a sample of 210 comparable deals.
The signal: The size and breadth of the syndicate — mixing state-linked industrial funds, bank-affiliated investors, and returning backers — underscores the capital still flowing into China's domestic chip sector as the country pushes to build homegrown semiconductor capacity.
Read more: marketscreener.com
Image credit: Sangitiana
