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Rong Semiconductor
Rong Semiconductor specializes in the production of 12-inch wafers, as well as wafer-level packaging and testing services
About Rong Semiconductor
Rong Semiconductor (Ningbo) Co., Ltd. is an integrated circuit manufacturing enterprise established in April 2021, with its headquarters in Ningbo, Zhejiang, China. The company operates as a foundry, focusing on the production of 12-inch integrated circuit wafers using mature process technologies ranging from 28 to 180 nanometers. Its establishment was backed by a significant 10 billion yuan investment from a consortium including state-owned platform funds, prominent technology companies like Meituan and Tencent, and several semiconductor industry firms and investment institutions such as Will Semiconductor, Huaqin, and Beijing Junzheng.
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The company's core business is centered on 12-inch wafer manufacturing and wafer-level packaging and testing. Rong Semiconductor serves chip design companies by producing a range of analog and mixed-signal integrated circuits. Its product portfolio includes CIS (image sensor chips), TDDI (touch and display driver integration), BCD (power management ICs), display driver chips, and new storage solutions. These components are utilized across various downstream markets, including industrial control, consumer electronics, mobile communications, and automotive electronics. The company has developed multiple technology platforms and engages with domestic chip design firms through a 'virtual IDM' model, which involves deep capital and business integration.
Rong Semiconductor has expanded its manufacturing footprint with production lines in both Ningbo and Huai'an. The Huai'an project began in 2021 with the acquisition of assets from the former Dehuai Semiconductor. The first products from this line were mass-produced in 2022. In April 2025, the company commenced construction of a new 16 billion yuan 12-inch integrated circuit production line in Ningbo, which is expected to have a monthly capacity of 35,000 wafers. The company's long-term goal is to achieve a monthly production capacity of 200,000 12-inch wafers by 2030. Rong Semiconductor has been recognized as a 'unicorn' company, appearing on the 2024 Global Unicorn List by the Hurun Research Institute. Wu Shengwu serves as the company's Chairman and co-CEO.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| FundingOther financing | Apr 2023 | $0 | — | Undisclosed | ↗ |
| LATE VCOther financing | May 2022 | $105M | $420M | Undisclosed | — |
Growth signals
Latest recorded traffic for Rong Semiconductor is 1.3K monthly website visits, up 1081.8% over the last three months. Rong Semiconductor's team grew 10.5% over the past year.
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