By Li Panpan

(JW Insights) May 12 -- There were 32 financing cases in China's semiconductor industry in March, with a year-on-year decrease of 43% and a month-on-month increase of 7%, said a recent JW Insights report.

The estimated total amount involved in those cases was RMB2 billion ($287.99 million), down by 72% year-on-year and 60% month-on-month.

Eleven of those 32 cases in March were in China's IC design sector, accounting for 34%. Among them, logic chips were of major interest. Both semiconductor equipment and optoelectronic device were with four financing cases, each accounting for 13%. Other cases happened in sectors like discrete devices, EDA/IP and design services, and sensors.

Eleven of them were A-round financing, accounting for the largest proportion of 34%. Fifty-five percent of those 11 focused on logic and analog chips, equipment, and others.

Of those 32 cases in March, twenty-two publicly disclosed their financing amount. Ten cases were with amounts less than RMB50 million ($7.20 million), accounting for the largest 31%. Six were with RMB100-300 million ($14.40-43.20 million). Three were with more than RMB300 million ($43.20 million), and three were with RMB50-100 million ($7.20-$14.40 million).

Those financed cases were mostly in Jiangsu Province with 10 cases, Guangdong Province with six, and Shanghai with three, accounting for 72% of all the 32 cases in March.

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.