China IC software player raises $81m

Investors include state-backed China Internet Investment Fund, electric vehicle manufacturer BYD, a venture capital fund backed by Will Semiconductor, GL Ventures, Shanghai STVC Group, Shanghai FTZ Fund, and Skyview Fund.

Company management contributed CNY200m into the latest round, which has been earmarked for industrial cooperation. Proceeds will go into product R&D with a view to developing fully automated domestic manufacturing capabilities. They will also be used for potential M&A, product matrix expansion, and entering new markets.

Manufacturing remains a key bottleneck in China’s integrated circuit (IC) industry. While industrial software plays a critical part in manufacturing, international suppliers have a monopoly in the space.

Semi-Tech was founded in 2020 through the merger of a software developer and an integrated solutions provider to the semiconductor industry. It aims to offer a one-stop solution for semiconductor manufacturing, working with upstream and downstream partners on realising China's domestic substitution objectives.

It claims to be the first domestic player that can provide a complete set of fully automated manufacturing software solutions for 12-inch wafers. Its three product lines cover production management, quality management, and logistics management. Among them, its manufacturing execution system (MES), equipment automation program (EAP), and statistical process control (SPC) have been used by more than 100 domestic and foreign customers.

At present, Semi-Tech has over 450 personnel, 80% of whom are in technical roles. Headquartered in Shanghai, the company has subsidiaries and R&D centres in Suzhou, Shenzhen, Beijing, and Chengdu. It has also established branches in Singapore and Malaysia to expand its international business.

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• Topics
• Greater China
• Expansion
• Technology
• China
• semiconductor
• GL Ventures