semiconductor
PE-owned Kokusai Electric gains on debut after $720m Japan IPO
KKR-owned Kokusai Electric gained 28% on debut after raising JPY 108.3bn (USD 720m) in Japan’s largest IPO in five years.
US Congressional committee targets Sequoia's China exposure
Sequoia Capital has been targeted by a US Congressional committee seeking more details on its investments in semiconductors, quantum computing, and artificial intelligence (AI) in China over the past 13 years.
China's Leadrive raises $81m Series D
Legend Capital and Oriza FoFs have led a CNY 600m (USD 81m) Series D round for Leadrive, a Shanghai-headquartered manufacturer of semiconductor power modules and motor control units used in electric vehicles (EVs).
China VC: Amicable divorces
Regulatory pressures are encouraging Chinese VC firms to end longstanding US affiliations, but the impact of impending legislation – even sight unseen – cuts deeper into investor sentiment on China
China's Enflame secures $273m Series D
Shanghai International Group (SIG) – acting through an assortment of investment units – has led a CNY 2bn (USD 273m) Series D round for Chinese artificial intelligence (AI) chip designer Enflame Technology.
KKR-owned Kokusai Electric targets $749m Tokyo IPO
KKR is eyeing a partial exit from Kokusai Electric after the Japan-based semiconductor industry supplier announced plans to raise JPY 111.2bn (USD 749m) through a Tokyo IPO.
China's GTA Semiconductor raises $1.85b
GTA Semiconductor, a China-based semiconductor foundry specialising in chips for the automotive industry, has raised CNY 13.5bn (USD 1.85bn) in funding from unnamed investors.
Deal focus: Patience pays off for Trustar on Moritex
Trustar Capital’s 20x return on Japanese precision manufacturing business Moritex was driven by greater geographic diversification in production and distribution and a shakeup of the product portfolio
Chinese chip developer Sitrus raises $28m
China-based chip developer Sitrus Technology has raised CNY 200m (USD 28m) in a Series C extension from Henglu Assets and Shanxi provincial government investor Photon Strong Chain Fund.
Matrix backs $139m round for China semiconductor start-up Echint
Matrix Partners China has co-led a CNY 1bn (USD 139m) Series B round for Echint, a Chinese chip packaging and testing start-up incubated by VC-backed semiconductor company Eswin.
China's Runpeng Semiconductor raises $1.7b
Runpeng Semiconductor, a Shenzhen-based subsidiary of Shanghai-listed China Resources Microelectronics, is set to raise CNY 12.6bn (USD 1.7bn) from several state investors.
Biden clamps down on US investment in Chinese technology
US President Joe Biden has signed an executive order prohibiting outbound foreign investment in China that targets certain sensitive technologies, including semiconductors and microelectronics, quantum information technologies, and artificial intelligence...
DCP sells MFS Technology to Chinese strategic for $460m
DCP Capital Partners has agreed to sell MFS Technology, a manufacturer of customised printed circuit boards (PCB) that has a presence across Asia, to Shenzhen-listed Victory Giant Technology for USD 460m.
China chip designer Senasic raises $70m
China-based chip company Senasic has raised CNY 500m (USD 70m) in Series D funding led by state-owned Enterprises Mixed Ownership Reform Fund.
Black Sesame leads surge in Hong Kong IPO filings
Black Sesame International Holding, a Chinese chipmaker specialising in autonomous driving applications, is among the highest-profile companies in the latest batch targeting IPOs on the Hong Kong Stock Exchange.
Japan's Integral buys UPT from Advantage, sells BTC to Capgemini
Japanese middle market private equity firm Integral Corporation has acquired United Precision Technologies (UPT), which supplies components used in smart devices, from Advantage Partners and sold IT consulting business BTC to Capgemini.
KKR sells minority stake in Japan's Kokusai to QIA
KKR has made a partial exit from Kokusai Electric, a Japan-based semiconductor industry supplier, through the sale of a minority stake to Qatar Investment Authority (QIA).
China Micro LED developer Jade Bird gets new funding
Jade Bird Display (JBD), a Shanghai-based developer of micro LEDs used in artificial reality (AR) devices, has raised several hundred million renminbi through two tranches of Series A funding.
China semiconductor player Eswin raises $420m
Beijing Eswin Technology Group, a semiconductor products and services supplier, has raised a CNY 3bn (USD 420m) Series D round led by Beijing Financial Street Operation Center.
China electronics materials supplier raises $70m
China’s Fuyang Sineva Material Technology, a specialist in light-sensitive polymers called photoresists, has raised about CNY 500m (USD 70m) in Series D funding led by Peak View Capital.
Deal focus: PrimeMovers buys Malaysia machinist in debut deal
PrimeMovers, which spun out from Platinum Equity last year, and UK-based Lingotto Investment Management have jointly acquired Malaysian precision manufacturing company EngTek
China investors see long-term positives in demise of Oppo's chip unit
Investors in China's semiconductor industry expect the closure of local mobile manufacturer Oppo's chip design unit to clear the way for start-ups operating in the space, despite a likely near-term hit to valuations.
Matrix leads $73m Series C for China’s Semi-Tech
Matrix Partners China has led a CNY 500m (USD 72m) Series C for Semi-Tech, a China-based software provider to the semiconductor industry, at a post-money valuation of CNY6bn.
CTC Capital leads $72m round for China substrates specialist
Chinese semiconductor industry investor CTC Capital has led a first tranche of Series A funding of more than CNY 500m (USD 72.5m) for AaltoSemi, a local manufacturer of chip packaging substrates.