By Li Panpan

(JW Insights) Oct 31 -- There were 45 financing cases in China's semiconductor industry in September of 2023, up 5% year-on-year and 7% month-on-month. The estimated total amount involved was RMB18.9 billion ($2.58 billion) in the month, up by 45% year-on-year and 384% month-on-month, according to the recently released JW Insights' China Semiconductor Equity Investment Monthly (September 2023).

There were 356 financing cases from January to September, with a total financing amount of RMB66.6 billion ($9.10 billion), down by 16.2% and 23% year on year. It is estimated that the amount of a single transaction in September is about RMB420 million ($57.41 million).

September's financing cases included 14 in the IC design sector, accounting for 31% of the total. There were eight cases in semiconductor equipment, 18% of the total. Six financing cases happened both in semiconductor materials and logic chips. Optoelectronic devices have also received some attention from investors during the month.

Among them, Shanghai-based GTA Semiconductor, one of the leading manufacturing foundries specializing in automotive IC, raised over RMB13.5 billion ($1.85 billion) and became the company with the largest single financing amount in September, according to the JW Insights report.

Of the financing cases in September 2023, there were 16 companies in the A round, accounting for 36%; among them, there were four semiconductor equipment companies, accounting for 25%, the highest proportion. Eight were in B the round, accounting for 18%.

Regarding financing scale in the month, 29 cases publicly disclosed their amounts, and the other 16 cases did not. Among the 29 cases, seven cases had a single financing amount of RMB300 million ($41.01 million) or more, accounting for 16%; ten cases were in the range of RMB100 million ($13.67 million) to RMB300 million ($41.01 million), accounting for 22%; the other 12 cases had less than RMB100 million ($13.67 million), accounting for 27%, said the JW Insights report.

Geographically, more than 73% of those funded companies were located in Shanghai (11), Guangdong Province (8), Jiangsu Province (7), and Zhejiang Province (7).

The report also introduces the market overview of smartphones & 5G mobile phones, notebook computers, and data center servers, as well as the macro analysis, segment analysis of the financing cases in September, and characteristics of those financed companies and elaborates on investment hotspot events.

JW Insights is the leading Chinese consulting service for the country's semiconductor and ICT industries. The detailed report is available on its official website and app in Chinese (https://laoyaoba.com/bookreport).