Shengjisheng raises 1B yuan Series C for chip equipment localisation
What's the deal? Shengjisheng (Ningbo) Semiconductor Technology has closed a Series C round of more than 1,000,000,000 yuan (about $147 million). New backers include a national financial group, city state-owned investment platforms, semiconductor and hard-tech industry funds, and venture firms, alongside continued support from existing shareholders.
What's the endgame? The company, based in Ningbo's Yinzhou district since 2018, refurbishes, modifies, installs, and maintains second-hand semiconductor equipment and parts. It also supplies spare parts and technical services for chip manufacturing.
What's the money for? Shengjisheng plans to direct the funds into iterating its core equipment products and developing new ones, according to reports. The aim is to match domestic wafer fab construction — particularly advanced-process lines — in high-end integrated circuit equipment and key components.
Why now? The round extends dense fundraising by Chinese chip-equipment firms since 2024, driven by demand for domestic equipment substitution and wafer fab expansion. Shengjisheng was founded by the National Integrated Circuit FundDealroom has a profile for this one. Try Dealroom →, SMIC holding, South Korea's TriplecoresDealroom has a profile for this one. Try Dealroom →, and IC SPACE.
By the numbers: The raise ranks near the top of comparable deals — above the 94th percentile among Series C rounds in the sector and region since mid-2022, based on a sample of 75.
What could go wrong? The strategy depends on continued domestic fab build-out and demand for localised equipment, both of which hinge on sustained policy and capital support that could shift.
The signal: In Ningbo and the Yangtze River Delta, local government and industry funds continue to back semiconductor equipment and materials, clustering firms such as JCETDealroom has a profile for this one. Try Dealroom →, Yongsi ElectronicsDealroom has a profile for this one. Try Dealroom →, and Shengjisheng. The round cements Shengjisheng's standing as a representative equipment project in the region.
Read more: ITjuzi
Image credit: Generated with Gemini
