Core Viewpoint - Beijing Xici New Energy Technology Co., Ltd. has recently completed nearly 10 million yuan in angel+ round financing, which will primarily be used to supplement working capital for the mass production line of synthetic quartz sand [1] Group 1: Company Overview - Xici New Energy was established in 2019 and focuses on the preparation technology of key powder materials for third/fourth generation semiconductors, including aluminum nitride, silicon carbide, and synthetic quartz sand [1] - The founder, Ding Xifeng, holds both bachelor's and doctoral degrees from Tsinghua University and has extensive experience in chemical engineering [1] Group 2: Product Development - The company has built a mass production line for synthetic quartz sand with a capacity of hundreds of tons, as well as pilot lines for silicon carbide and aluminum nitride powders [1] - Xici New Energy has developed a proprietary organic-inorganic polymer gel method to produce high-purity, low-cost synthetic quartz sand, addressing the high costs associated with traditional production methods [2][3] Group 3: Market Position and Strategy - The synthetic quartz sand produced by Xici New Energy is intended to replace imported products, particularly from Mitsubishi Chemical, which currently holds a monopoly in the market [2] - The company has already produced two grades of high-purity synthetic quartz sand: a 5N8 grade for partially replacing imported natural quartz sand and a 7N grade for replacing imported synthetic quartz sand [5] Group 4: Future Outlook - Xici New Energy expects to enter a mass production phase by the second half of 2025, with projected revenues reaching tens of millions by 2026 and further increases in 2027 as silicon carbide and aluminum nitride products come online [8] - The company aims to expand its market share in the domestic semiconductor industry and is working to ensure stable supply chains and customer relationships [8]