China-based semiconductor technology developer Xiamen Sky Semiconductor Technology has raised more than RMB100m ($15m) in series A funding from a consortium including automation equipment manufacturer Xinchao Technology, DealStreetAsia as reported.
The round was led by SDIC Venture Capital, a subsidiary of the state-owned State Development and Investment Corporation, and also featured Yinxinggu Capital and Xi’an Tianli Investment, according to a post on WeChat.
Founded in 2018, Sky Semiconductor will use the money to develop its manufacturing of proprietary products covering areas such as wafer-level 3D integration.
Investment vehicle Xiamen Semiconductor Investment Group had provided an undisclosed amount for the company in late 2018, according to DealStreetAsia.
