SJ Semiconductor Corporation, a JianGyin, China-based provider of first-class Middle-End-Of-Line (MEOL) manufacturing and testing services, signed $340m Series C+ financing.
The closing of US dollar funding has been made while RMB funding will be closed after the completion of necessary ODI (outbound direct investment) approval procedures. The participating investors include Legend Capital, Goldstone Investment, Jade Stone Venture, Shang Qi Capital, Leafoison Capital, TCL Capital, China Fortune-innovation Capital and GLP-C&D Capital, etc. Existing shareholders who added more include Oriza Rivertown and Oriza Hua Capital. The company will keep open for more US dollar funding to join. After the completion of Series C+ financing, the total capital raised will exceed $1 billion and bring company valuation close to $2 billion. Previously, Shenzhen Yuanzhi, CFTC, Hengxu Capital and Legend Capital have become the shareholders of the Company by the share transfer of IC Fund.SJSemi is the pioneer of 12-inch MEOL (Middle-End-Of-Line) foundry in China. It has been known by its 12-inch high-density bumping, WLCSP (wafer level chip scale package) and Testing service, and serving IC companies overseas and domestically. Utilizing Bumping and RDL technologies, leveraging its advantage of front-end fab management and quality system, SJSemi now is able to provide high performance advanced packaging based on silicon interposer, fan-out wafer and substrate to satisfy increasing strong demand in markets such as smart phone, networking, data center, artificial intelligence and automotive industry.05/04/2023
