XinYaohui Closes Two Rounds Raising Over 400 Million Yuan to Develop Advanced-Process Chip IP and Accelerate Chip Innovation
Developing advanced-process chip IP products and solutions through independent R&D, bringing new luster to China's semiconductor industry.
On February 24, 2021, XinYaohui, a leading chip IP company, announced it had raised over RMB 400 million across its angel and Pre-A rounds. The Pre-A round was jointly led by Hillhouse, HSG, Yunhui Capital, and Gaorong Ventures, with participation from Pine VC, 5Y Capital, Guoce Investment, and Dahengqin Group. Angel round investors ZhenFund and Dashu Changqing also re-upped with超额跟投. The funding will be used to attract top technical talent from China and abroad, enhance product delivery capabilities, deepen functionality, and upgrade chip ecosystem connectivity. XinYaohui will also further invest in its service infrastructure.
Chip IP is the fundamental building block of large-scale digital chips and the core component of chip design. As chip design complexity has increased, this technology has begun to scale and commercialize. Today, chip designs routinely contain tens of billions of interconnected transistors and other electronic components, including substantial amounts of reusable core IP. Licensing third-party IP and integrating it into designs can significantly reduce R&D costs and accelerate time-to-market — this has become a critical link in the integrated circuit industry chain.
The digital society has created diverse chip application scenarios. China's chip design industry is projected to grow at a compound annual rate exceeding 20%, reaching nearly RMB 900 billion by 2025. This massive market demand places higher requirements on innovation efficiency for chip design companies. Meanwhile, chip design and manufacturing processes are rapidly evolving toward advanced nodes, with 14nm and below increasingly becoming the mainstream.
The market is calling for advanced process IP technology and complete IP solutions to support more and faster chip innovation. However, constrained by high technical barriers, domestic IP development has remained stuck at mature processes, unable to penetrate advanced process domains, and has had to rely on foreign technology — becoming a chokepoint in high-tech development.
XinYaohui's name evokes the brilliant glow of a revitalized Chinese chip industry. Since its founding in June 2020, the company has rapidly assembled a team of idealistic, world-class international chip talent, committed to independently developing advanced process chip IP products and solutions, and providing industry-leading IP technology and support to serve critical domains of the digital society — including data centers, smart vehicles, high-performance computing, 5G, IoT, AI, and consumer electronics.
Leveraging this dream team's deep accumulated expertise, XinYaohui quickly established its product development strategy and market approach: using its existing industry-advanced, reliable IP technology and products, it would rapidly build its collaborative ecosystem through upgraded technical services, connecting applications, chip design, and chip manufacturing. This ecosystem also provides a virtuous cycle of market demand and product R&D, accelerating XinYaohui's development of advanced IP.
This unmatched industry "dream team," profound technical foundation, and clear market development strategy earned XinYaohui market recognition from its earliest days. The company won the Grand Prize in the Hengqin Science and Technology Innovation Competition with RMB 100 million in award funding for R&D, and was named "Most Growth-Potential Company" in the China IC Wind Cloud Awards by the China Semiconductor Investment Alliance.
"Domestic IP development has remained stuck at mature processes, unable to penetrate advanced process domains — advanced process IP products have vast potential. As an emerging IP company in China's chip industry, XinYaohui sees both its responsibility and opportunity: through source-level technology innovation, building advanced process chip IP products, empowering the industry with new technology, and continuously driving digital economic transformation and development," said Ken Zeng, Chairman and CEO of XinYaohui. "We're delighted to meet so many like-minded new partners at this stage, who will join XinYaohui in driving efficient and innovative industry development, and letting China's chip industry shine with brilliant light!"
Bin Yue, Founding Partner of Gaorong Ventures, stated: "IP is an indispensable fundamental building block of chip design. XinYaohui is one of the rare companies focused on advanced process chip IP design, having gathered top global IP industry talent with exceptional strength in technical reserves and market execution. We believe that by empowering chip design from the source, XinYaohui will accelerate the development of the digital society."
About XinYaohui
XinYaohui is a high-tech company dedicated to advanced semiconductor IP R&D and services, empowering chip design and system applications. Through independent development of advanced process chip IP products, it responds to China's rapidly growing chip and application demands, comprehensively empowering chip design. With its IP products' distinctive value and advantages of high stability, strong compatibility, cross-process capability, and portability, it serves critical domains of the digital society including data centers, smart vehicles, high-performance computing, 5G, IoT, AI, and consumer electronics.
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