Group 1 - Beijing Mingjia Semiconductor Co., Ltd. has completed an A++ round of equity financing, raising approximately 110 million yuan, with a post-financing valuation of 910 million yuan [1][3] - The financing will primarily be directed towards the research and development of gallium oxide substrates and capacity expansion, including the development and mass production of 6-inch gallium oxide substrates [3][4] - Mingjia Semiconductor plans to add 20 sets of pilot production line equipment for 4-6 inch substrates, aiming for an annual production capacity of 30,000 pieces once fully operational [3] Group 2 - The company is positioned as a leader in gallium oxide and is the only platform in Beijing focusing on wide bandgap semiconductors, aiming to cultivate the future industry of wide bandgap semiconductors in the region [3] - Mingjia Semiconductor is collaborating with universities and research institutions to accelerate the application of gallium oxide in sectors such as drones, artificial intelligence, new energy vehicles, and smart grids [3][4] - The global gallium oxide wafer substrate market is projected to reach 430 million USD by 2031, with a compound annual growth rate (CAGR) of 27.6% in the coming years [4]

Core Viewpoint - Beijing Mingjia Semiconductor Co., Ltd. has completed an A++ round of equity financing exceeding 100 million yuan, with a total financing amount nearing 400 million yuan, indicating strong investor confidence and growth potential in the wide bandgap semiconductor materials sector [1] Financing Details - The recent financing round raised approximately 110 million yuan, with a post-investment valuation of 910 million yuan [1] - Investors include multiple institutions such as Pengcheng Venture Capital, Chengdu Science and Technology Investment, Tianying Capital, Guoyu Fund, and Hongtai Fund [1] Use of Funds - The funds will primarily be allocated for the research and mass production of 6-inch gallium oxide substrates, pilot production lines for 2-4 inch gallium oxide substrates, future industry cultivation of wide bandgap semiconductors, and scaling up the production line for indium phosphide polycrystalline [1] - Achieving mass production of 6-inch substrates is a critical milestone for the gallium oxide industry [1] Production Capacity Goals - The company plans to add equipment to enhance production capacity, targeting an annual output of 30,000 gallium oxide substrates upon reaching full production [1] - The indium phosphide polycrystalline business aims to increase annual production capacity to 20 tons by 2026 to meet the growing demand in AI and communication sectors [1] Market Position - According to QY Research's report on the global gallium oxide wafer substrate market from 2025 to 2031, Mingjia Semiconductor holds the third-largest market share globally in this segment [1]