Shanhai Semiconductor Completes Financing of Over 10 Million US Dollars

Shanhai Semiconductor SENSILICON, a domestic high-performance mixed-analog and signal chain IC manufacturer, completed two rounds of angel and pre-A rounds of financing in 2021, led by BlueRun Ventures and Tongchuang Weiye (National Small and Medium Enterprise Development Fund), and followed by Shenzhen Capital Group and Daotong Investment, with a total of more than 10 million US dollars. It is reported that the financing will be mainly used for new product development and expansion of operations.

Shanhai Semiconductor was founded in 2020 and is located in Shenzhen, Shanghai and Hefei. The core team members come from TI, Qualcomm and excellent domestic semiconductor companies, and have nearly 20 years of industry experience in both market and technology. The company focuses on the research and development and sales of high-performance mixed-analog and signal chain chips, mainly for large industrial and automotive markets.

Shanhai Semiconductor team said: According to the IC Insights report, the global market size of mixed analog and digital signal chain chips is expected to exceed 12 billion US dollars in 2022 (excluding special products such as RF), of which the Chinese market accounts for more than 1/3. With the acceleration of the pace of Industry 4.0 and the new energy market, the future development speed is also very optimistic. However, at present, the chip self-sufficiency rate in domestic industrial and automotive advanced manufacturing is less than 10%, and most of them are mid-to-low-end, and core products still rely mainly on imports. In the past two years, due to the international situation and shortages, the industry has been a "demand-driven seller's market" and will later turn to a "real market driven by value and differentiation." Shanhai focuses on "stuck neck" mid-to-high-end products, has the ability and patience to cross mountains and seas, and has a lot of market space for us to play.

Shi Jianping, investment partner of BlueRun Ventures, said: The market and technology thresholds for industry and automobiles are extremely high, and the quality requirements for the team are very demanding. Shanhai Semiconductor's market and system teams come from top companies such as TI, and have a deep and accurate grasp of applications and needs; the R&D team has focused on high-performance analog technology for nearly 20 years and has very rich experience in mass production. We are very optimistic about such a practical team that attaches equal importance to market and technology, and believe that they can go both steadily and far.

Zhang Wenjun, executive partner of Tongchuang Weiye, said: "Currently, a large part of the domestic chip products we see are still concentrated in the mid- and low-end markets, and there are few products that can match the international advanced level. After investing in Shanhai, we are very excited to see that they are the first in China to launch products with core indicators that reach the high-end level of TI and ADI, effectively filling the domestic gap. We are very confident that Shanhai's products will not only be widely used in China, but also be able to sail overseas!

Zhang Zhikai, head of Shenzhen Capital Group's Industrial Fund, said: "With the domestic market long-term monopolized by overseas chip giants and last year's global chip shortage and price increases, the domestic advanced manufacturing industry has deeply realized the supply chain security issues and accelerated the product introduction and commercialization process of domestic semiconductor companies. Shenzhen Capital Group is very optimistic about Shanhai Semiconductor's positioning in solving the country's "stuck neck" chip products, and expects Shanhai to escort the vast advanced manufacturing industry invested by Shenzhen Capital Group.

Sun Qi, founding managing partner of Daotong Investment, said: "China's medical equipment and devices are booming, but the upstream chips of the industry are heavily dependent on imports, which not only affects the cost of key medical equipment, but also threatens the supply chain security and lasting technological innovation of the industry. Shanhai Semiconductor has outstanding market capabilities and technological advantages, and we look forward to the company's continued empowerment of the development and innovation of China's medical equipment industry."

Since its establishment more than a year ago, Shanhai Semiconductor has established a complete closed-loop team of market, product, R&D, application, marketing and operation with excellent execution and efficiency. In 2022, it will mass-produce several mid-to-high-end products that fill the domestic gap. In the year of take-off, we welcome like-minded friends to join ( hr@sensilicon.com ) to create the best products and provide customers with the best service and value. No matter east or west, let's go to Shanhai together!