Semiconductor Motion Provider XIVI Technology Secures CNY 100 Mn in Series A Financing
Summary
Wuxi-based semiconductor company XIVI Technology recently concluded a Series A financing round, raising nearly CNY 100 million. The funding was led by Glory Ventures and saw participation from prominent investors such as Ivy Capital and Beiyanghaitang Fund.Founded in 2015, XIVI Technology specializes in providing precision motion control products for the semiconductor equipment sector. The full-year sales for 2023 are expected to reach USD 43.72 billion.The global semiconductor equipment market is primarily dominated by foreign manufacturers, with companies from the United States, Japan, and the Netherlands holding monopolistic positions. In 2020, the top five leading enterprises in the global semiconductor equipment industry were AMAT, ASML, LAM,TEL, and KLA. However, in recent years, the Chinese semiconductor industry has shown promising development, with the emergence of competitive enterprises such as, Huawei HiSilicon,Hygon Information,JINGJIA MICRO(), Loongson Technology(),Wingtech Technology() and JCET()Following the completion of this financing round, XIVI Technology will utilize the raised funds to expedite its product development process, expand operational production scale, strengthen domestic and international market expansion efforts, and enhance customer service capabilities.