Xinju raises $14.9M Series A to expand AI chip substrate production
What's the deal? XinjuDealroom has a profile for this one. Try Dealroom → Technology, an Anhui-based IC substrate maker, has closed a Series A round of more than US$13.8M (roughly $14.9 million). Returning backer Guangde Tongrui Equity Investment was joined by two new investors tied to the Anhui Provincial Investment GroupDealroom has a profile for this one. Try Dealroom →: Anhui New Zhiyi Industrial Investment PartnershipDealroom has a profile for this one. Try Dealroom → and Anhui Rixin Zhihui Innovation Investment PartnershipDealroom has a profile for this one. Try Dealroom →.
What's the endgame? Xinju plans to spend the money expanding production capacity for IC substrates used in AI computing and iterating on advanced processes. It will add equipment to scale manufacturing and speed up the localisation of key advanced-packaging materials.
Who's behind it? Founded in June 2023 and headquartered in Xuancheng, Anhui, Xinju was launched by its management team alongside SMIC JuyuanDealroom has a profile for this one. Try Dealroom →, Huatian TechnologyDealroom has a profile for this one. Try Dealroom →, the Guangde Industrial Mother FundDealroom has a profile for this one. Try Dealroom →, and Shanghai ZishiDealroom has a profile for this one. Try Dealroom →. Its core team comes from Nan Ya Printed Circuit BoardDealroom has a profile for this one. Try Dealroom → and other semiconductor firms.
Why now? Xinju's Phase 1.1 line is in stable mass production with a yield rate above 93%, and its products — covering FC-CSP and WB-BGA substrates — are already supplying domestic and international packaging, testing, and chip-design firms. It is now developing FC-BGA substrates aimed at AI computing and edge-intelligence hardware.
By the numbers: The round sits against a broader capital push in Chinese advanced packaging. SJSemi listed on Shanghai's STAR Market in April at US$2.71 per share, raising US$691.4M for 3D multi-chip integration packaging projects.
The signal: Driven by AI computing demand and government policy, China's IC substrate sector is moving towards higher layer counts and larger areas while trying to close gaps in upstream materials. Xinju's raise is a small but pointed bet on localising a part of the supply chain that still leans on foreign suppliers.
Read more: longbridge.com
Image credit: le_hollandais_volant
