SinoChips Technology Closes Hundreds of Millions of RMB in Series D Funding, Doubles Down on New Power Semiconductor Devices
Further increase R&D investment and capacity expansion in areas such as automotive and new energy.
Xin Changzheng Technology recently announced the completion of its Series D funding round, raising several hundred million RMB. The round was led by China Life Private Equity Investment Company Limited, with participation from Ginlong Technologies, Shenwan Hongyuan, TCL Ventures, Guoqi Investment, and Qisheng Capital. Existing shareholders including Chengdao Capital, Yunhui Capital, CRRC Capital, Gaorong Ventures, Xindongneng Investment, Datai Capital, and Nanxi Venture Capital also made additional investments. Gaorong Ventures had previously participated in Xin Changzheng's Series B and C rounds.
Following this funding, the company will further increase R&D investment and expand production capacity in automotive and new energy sectors, aiming to deliver higher-quality products and services to customers.
Founded in 2017, Xin Changzheng Technology is a high-tech enterprise integrating design, R&D, and packaging manufacturing of new power semiconductor devices. Its core business includes IGBT, CoolMOS, SiC chip products and technology development, as well as IGBT module design, packaging, and testing. The technical team comprises experts from the Chinese Academy of Sciences alongside outstanding overseas technical talent, with core members each bringing over ten years of product development experience. The company has achieved full-chain integration spanning chip design, manufacturing processes, packaging and testing, reliability, and applications.
In recent years, China's microelectronics industry has entered a period of rapid development. Power devices represent a critical growth direction for the industry and are among the country's strategically emerging industries prioritized for development. "Pressing forward on the Long March, forging Chinese chips through self-reliance." Going forward, Xin Changzheng will advance the widespread adoption of high-end, high-power semiconductor devices, providing customers with one-stop services from R&D and packaging to application.
