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2024-03-12

Gained over RMB 100 Million Cumulative Equity Financing, Afilm Semiconductor will Boost the Domestic Competitiveness of Core Process Equipment

In March 2024, Afilm Semiconductor successfully completed its Angel+ round of financing. This round was led by Zhongying Capital, with follow‑on investments from the Chengchuang High‑tech Fund (under existing shareholder Wuxi Capital Group) and G&O Capital.


Founded on February 1st, 2023, Afilm Semiconductor raised a total of over RMB 300 million in financing over the past year. Following this round, the company will continuously increase R&D investment in advanced processes, attract high-end technical talents, accelerate the validation and mass production of domestic thin‑film deposition equipment, while also build sales channels and establish a technical service support system to expedite its overall industrial layout.


Currently, the company has established strategic partnerships with leading domestic corporates, including 12‑inch wafer fabs, IDM enterprises, third‑generation semiconductor companies, universities, and research institutes, with whom are already in the verification stage of some PECVD dielectric thin films based on SiH₄ and TEOS. Meanwhile, R&D on key film layers using PECVD is proceeding orderly. In addition, PEALD equipment for advanced nodes is also under development. The company will focus on mature processes in the future, commit to the R&D of advanced technology nodes, high-density, and highly integrated advanced processes, promote the application of products in fields such as semiconductors, advanced packaging, Micro OLED, and optics, strive to address challenges in customer production lines, and gradually become an international platform-type company.



Investor  Evaluations


Mr. Ru Yi, Investment Director of Zhongying Capital

"At a time when the domestic substitution rate for semiconductor equipment remains low and the replacement market offers vast potential, Afilm Semiconductor has assembled an institutionalized, high‑end technical team from leading international companies,with forward‑design experience from scratch as well as mature solutions, and believe that Afilm can lead the advanced process PECVD and PEALD markets in the future.

Zhongying Capital is always committed to supporting innovative enterprises like Afilm Semiconductor, which possesses tremendous competitive potential in the new era to join the wave of technological and commercial progress."


Mr. Zheng Yao, Chairman and Managing Partner of Wuxi Guolian Jintou Hehe Private Equity Fund Management Co., Ltd.

"We are very pleased to have participated in both the Angel and Angel+ rounds of financing for Afilm Semiconductor. During this short year of accompanying the company's growth, we have seen that it has formulated practical and feasible R&D and business strategies, and achieving the various milestones step by step.

We hope to continuously provide support to Afilm Semiconductor in terms of capital, ecosystem, and other aspects, accompanying it from early-stage growth to achieving high-quality development, and contributing to the integrated circuit industry.


Dr. Lin Haizhuo, Founding Partner, Chairman and CEO of G&O Capital

"As an investment institution fully dedicated to the integrated circuit and artificial intelligence sectors, we recognize that Afilm Semiconductor team possesses fully independent R&D and comprehensive coverage capabilities from process technology and hardware design to on‑site customer technical support, which is rarely seen.

We will continue to follow the growth and value realization of Afilm Semiconductor and also hope it will be seen by more investors who can truly understand its value."

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