《商道创投网》2026年1月18日从官方获悉：鸾起科技（苏州）有限公司（以下简称"鸾起科技"）近日 完成了由中科创星领投，荷塘资本、翌昕资本等跟投的近亿元B轮融资。融资资金将主要用于扩大生 产，加大研发投入、新产品线布局等。 鸾起科技创始人表示，本轮融资将主要用于扩大生产规模，以满足市场对高端存储测试设备的快速增长 需求。同时，公司将加大研发投入，推动新产品线的布局，进一步提升产品性能和市场竞争力，助力国 产存储芯片产业的发展。 《商道创投网》创投家会员·本轮投资原因是什么？ 中科创星创始人表示，存储芯片是集成电路产品中最大的类别之一，也是AI时代的重要支撑。鸾起科 技凭借自主开发的核心技术，已成长为存储模组测试设备领域的佼佼者，其产品进入多家行业龙头供应 链体系。随着国产存储芯片的崛起和智算中心的大规模建设，鸾起科技未来将迎来快速发展。 《商道创投网》创投生态圈·本轮投融观点是什么？ 商道创投网创始人王帥表示，鸾起科技的融资事件体现了当前半导体产业的强劲发展势头。政府出台的 多项支持政策为半导体行业提供了良好的发展环境，行业从业者积极响应并加速技术创新。创投机构对 鸾起科技的投资，不仅是对其技术实力和市场潜 ...

Group 1 - The global semiconductor equipment market is projected to see a 24% year-on-year revenue growth in Q2 2025, reaching $34 billion, driven by AI-related investments in overseas markets, which are expected to grow by 40% year-on-year [1] - China's semiconductor equipment market is expected to experience a slight decline of 1% in the first half of 2025 due to last year's high base, indicating different cyclical characteristics compared to overseas markets [1] - Semiconductor capital expenditure for 2025 is forecasted to increase by 14% year-on-year, reaching $148 billion, while the global equipment market is expected to grow by 12% year-on-year, reaching $142 billion [1] Group 2 - Changchuan Technology has announced a profit forecast for the first three quarters of 2025, expecting a net profit attributable to shareholders of between 827 million and 877 million yuan, representing a year-on-year growth of 131.39% to 145.38% [1] - The demand in the semiconductor industry continues to grow, with strong customer demand and abundant product orders leading to significant revenue growth for the company [1] Group 3 - With the increasing demand for computing power driven by AI large models, HBM products are evolving from 8-layer to 12-layer stacks, leading to increased testing complexity and a rise in demand for wafer-level and package-level testing equipment [2] - SK Hynix has completed the development of HBM4 and established a mass production system, which is expected to further expand the market for high-end storage testing equipment [2] - The complexity of systems integrating numerous GPUs and switching chips necessitates multiple tests to ensure stability, benefiting testing equipment suppliers involved in AI infrastructure development [2] Group 4 - As of September 23, 2025, the semiconductor equipment ETF has risen by 0.72%, with notable increases in component stocks such as Changchuan Technology and Li'an Micro, which saw gains of 20% and 10% respectively [2] - The semiconductor equipment ETF has reached a new high in scale at 368 million yuan and has seen continuous net inflows, totaling 126 million yuan over the past four days [3] - The ETF closely tracks the CSI Semiconductor Materials and Equipment Theme Index, which includes 40 listed companies involved in semiconductor materials and equipment [3]