By Greg Gao

Weimas(威迈芯材), a Chinese photoresist supplier, secured about RMB100 million ($14.3 million) in the latest financing round recently. Industry VCs, including Shanghai Beyond Moore Equity Investment Fund(超越摩尔), Jinbang Capital(劲邦资本), Hefei Industrial Investment Holdings(合肥产投), participated in this funding round.

Founded in 2021 and based in Suzhou, eastern China’s Jiangsu Province, Weimas has a broad product portfolio, including high-end ArF/KrF/i-line photoresist materials. 

Through this financing round, Weimas will accelerate constructing factories and laboratories for semiconductor photoresist materials in China. The company will promote the localization process of high-end photoresists and strongly support the high-end photoresist R&D and mass production process for Chinese customers, according to the company.

Its wholly-owned subsidiary WIMAS is one of the top five photolithography materials suppliers in South Korea. It has two factories in South Korea with more than 20 years of photoresist mass production experience.