The layout of the third-generation semiconductor MOCVD equipment encountered a survival crisis

Recently, Zhongsheng Optoelectronics completed a new round of private placement of stocks, led by Shanghai Pudong Science and Technology Innovation Group Co., Ltd., with a total fundraising of 113 million yuan. The funds raised will be used for the research and development and production of high-end equipment for third-generation semiconductor discrete devices.

According to the "Announcement on the Subscription Results of the Private Placement of Zhongsheng Optoelectronics Equipment (Shanghai) Co., Ltd.", in addition to the lead investor Pudong Science and Technology Innovation Group, other investors who participated in the subscription include Haitong Shengyang, Zhangjiang Science and Technology Investment, China Science and Technology Innovation Star, Tongqi Investment, Chongqing Guanda, Zhongsheng Optoelectronics Chairman and General Manager CHEN AIHUA (Chen Aihua), Deputy General Manager Chen Xiao, etc.

Zhongsheng Optoelectronics was established in May 2011 in Zhangjiang Hi-Tech Park, Pudong, Shanghai. It is an upstream equipment manufacturer in the semiconductor industry chain. The MOCVD (metal organic chemical vapor deposition) equipment it develops and produces is a key equipment for the production of second- and third-generation semiconductor discrete devices.

According to People's Daily Online, Zhongsheng Optoelectronics is one of the few domestic MOCVD manufacturers with independent core technology. Together with AMEC, it broke the long-term monopoly of Germany's Aixtron and the United States' Veeco on the Chinese market in the field of LED lighting, forcing foreign equipment to drop from the initial US$3 million per unit to around US$1 million per unit, creating certain social value.

For example, in the production of LED chips, MOCVD equipment is the most critical equipment, which not only determines the performance of chip products, but also determines its cost. For a long time, the initiative of MOCVD equipment has been in the hands of foreign companies.

According to People's Daily Online, in recent years, Zhongsheng Optoelectronics has gradually withdrawn from the LED field. Dr. Chen Aihua is determined to lead employees to start a second business and concentrate on the layout of MOCVD equipment in the third-generation semiconductor field. However, after more than two years of continuous high R&D investment, the company's funds are basically exhausted, and core employees have begun to leave. The company is facing a survival crisis and urgently needs financing to get out of the predicament. At this time, Pudong Science and Technology Innovation Group stepped forward and provided timely assistance. It took the lead in starting the investment process, played a leading role, and led various investment institutions to complete 113 million yuan of financing in a timely manner.