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Financing丨Shanhai Semiconductor completed more than 10 million US dollars of angel round and Pre-A round of financing

author:Finance

Chuangbang learned that today, Shanhai Semiconductor SENSILICON, a domestic high-performance digital-analog hybrid and signal chain IC manufacturer, completed an angel round and a Pre-A round of financing totaling more than 10 million US dollars in 2021, which were led by Lanchi Venture Capital and Tongchuang Weiye (National Small and Medium-sized Enterprise Development Fund), and followed by Shenzhen Venture Capital and Daotong Investment.

These two rounds of funding are mainly used for new product development and expansion operations.

Founded in 2020, Shanhai Semiconductor is a R&D manufacturer of analog and mixed-signal integrated circuits. Its business scope is high-performance, high-quality analog and mixed-signal integrated circuits, electronic modules and related software and hardware systems research and development, design and sales; business e-commerce; domestic trade; goods and technology import and export.

The company's core team members come from TI, Qualcomm and domestic outstanding semiconductor companies, and have nearly 20 years of industry experience in the market and technology direction. The company focuses on the research and development and sales of high-performance digital-analog hybrid and signal chain chips, mainly for the large industrial and automotive markets.

According to ic Insights, the global market size of digital-analog hybrid and signal chain chips is expected to exceed 12 billion US dollars (excluding special products such as RF) in 2022, of which the Chinese market accounts for more than 1/3. With the acceleration of Industry 4.0 and the new energy market, the future development speed is also very optimistic.

However, at present, in the domestic industry and advanced automobile manufacturing, the chip self-sufficiency rate is less than 10%, and most of them are low-end, and the core products mainly rely on imports.

Shanhai focuses on the high-end products of "card neck", and the market space that can be played is very large.

Since its establishment more than a year ago, Shanhai Semiconductor has established a complete closed-loop team of market, product, research and development, application, marketing and operation with excellent execution and efficiency. In 2022, several mid-to-high-end products will be mass-produced to fill the domestic gap.

Shi Jianping, investment partner of Lanchi Venture Capital, said: The market and technical thresholds of industry and automobile are extremely high, and the quality requirements of the team are very demanding. Shanhai Semiconductor's market and system team comes from top companies such as TI, and has an in-depth and accurate grasp of applications and needs; the R&D team has focused on high-performance simulation technology for nearly 20 years and has a very rich experience in mass production. We are very optimistic about such a practical team that attaches equal importance to market and technology, and believe that they can go both steadily and far.

Zhang Wenjun, managing partner of Tongchuang Weiye, said: At present, a large part of the domestic chip products we see are still concentrated in the low-end market, and few can benchmark the international advanced level of products. After investing in Shanhai, we are very excited to see that they have taken the lead in launching products with core indicators reaching the high-end level of TI and ADI in China, which has effectively filled the domestic gap. We are very confident that Shanhai's products can not only be widely used in China, but also sail out to sea!

Zhang Zhikai, head of the Shenzhen Venture Capital Industry Fund, said: Under the dual background of the domestic market being monopolized by overseas chip giants for a long time and the global core shortage price increase last year, the domestic advanced manufacturing industry is deeply aware of supply chain security issues and accelerates the process of product introduction and commercialization of domestic semiconductor companies. Shenzhen Venture Capital is very optimistic about Shanhai Semiconductor's positioning of solving the national "card neck" chip products, and expects Shanhai to escort the vast number of advanced manufacturing industries invested by Shenzhen Venture Capital.

Sun Qi, founding managing partner of Daotong Investment, said: "China's medical equipment and equipment are booming, but the upstream chip of the industry relies heavily on imports, which not only affects the cost of key medical equipment, but also threatens the industry's supply chain security and lasting technological innovation. Shanhai Semiconductor has outstanding market capabilities and technical advantages, and looks forward to the company's continuous empowerment of China's medical equipment industry development and innovation. attach

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