温州国资等加码 星曜半导体完成超亿元C轮融资

Core Insights - Zhejiang Xingyao Semiconductor Co., Ltd. has completed over 100 million C-round financing, with investors including Wenzhou Innovation Investment Fund and Hengyuan Yu Fund [1] - This financing is the second round of funding for the company in 2023, following a B+ round in May [1] - The funds will be used to enhance technology research and development for RF front-end product lines, expand production capacity, and strengthen market development and ecosystem cooperation [1] Company Overview - Founded in 2020, Xingyao Semiconductor specializes in the research, development, production, and sales of RF filter chips and RF front-end modules, headquartered in Wenzhou, Zhejiang [2] - The company was established by experts from national talent programs and has a strong R&D team of over 160 members, many with experience from leading global RF companies [2][3] - Xingyao Semiconductor has produced over 120 RF filter products and 30 module products, serving major consumer electronics brands like Samsung, Huawei, and OPPO [3] Market Position and Product Development - The company focuses on RF filter technology for 5G and Wi-Fi 7 applications, with significant growth expected in the Wi-Fi chip market, projected to reach $120 billion by 2028 [4] - Xingyao's production capacity includes over 20 billion units of core products, with a new 750 million yuan investment in a 5G RF filter wafer production line that has achieved a monthly output of 7,000 wafers with a yield rate of over 98% [4] Financing History - Xingyao Semiconductor has raised over 1.5 billion yuan across multiple financing rounds, with the most recent B-round in July 2024 setting a record for the largest single financing in the domestic RF front-end sector [6][8] - The company has attracted strategic investments from major mobile manufacturers and has established deep business relationships with them [5][6] Shareholding Structure - The top five shareholders of Xingyao Semiconductor include state-owned capital and private equity funds, with significant stakes held by Wenzhou Ningchen Technology Co., Ltd. and various investment funds [8][9]