By Li Panpan

(JW Insights) Aug 8 -- There were 37 financing cases in China's semiconductor industry in May of 2023, up by 3% year-on-year but down by 23% month-on-month. The estimated total amount involved was RMB4.2 billion ($586.62 million) in the month, down by 25% year-on-year and 56% month-on-month, according to the recently released JW Insights' China Semiconductor Equity Investment Monthly (May 2023).

It is estimated that the amount of a single transaction in May is about RMB114 million ($15.92 million).

In May 2023, there were a total of 14 financing cases in China's IC design industry, accounting for 38% of the total and decreasing slightly month-on-month. In the field of semiconductor materials and equipment, there were seven and six financing cases accounting for 35% of the total and remaining the same compared to April. Optoelectronic devices, third-generation semiconductors, and discrete devices have also received some attention from investors.

Among them, Shanghai-based Hestia Power, a supplier of the third generation-wide bandgap semiconductor88 power devices and modules, raised more than RMB500 million ($69.84 million) in series B financing and became the company with the largest single financing amount in the month, said the JW Insights report.

Among the financing cases in May 2023, there were 17 companies in the A round, accounting for 46%, among them semiconductor equipment companies accounted for 23%, the highest proportion.

There are seven companies in the B round, accounting for 19%.

In terms of financing scale in the month, 30 cases publicly disclosed their amounts, and the other seven cases did not. Among the 30 cases, seven cases were with a single financing amount of RMB300 million ($41.90 million) or more, accounting for 19%; eight cases were in the range of RMB100 million ($13.97 million) to RMB300 million ($41.90 million), accounting for 22%; the other 15 cases had less than RMB50 million ($6.98 million), accounting for 40%, said the JW Insights report.

In terms of the geographical locations of those companies, twenty-two were located in Jiangsu Province (11), Shanghai (6), and Zhejiang Province (5), accounting for more than 59% of the total.

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 May, and characteristics of those companies that got financing and elaborated 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).