Afilm Semiconductor Completed a New Round of Financing, Receiving Joint Support from the New and Existing Investors as well as Provincial Special Funds

Afilm Semiconductor recently completed a Pre-A round of financing exceeding RMB 100 million. This round of financing involves participation from several new and existing institutions, simultaneously supported from provincial industrial funds. The relevant funds will primarily be used for core technology R&D, product engineering and industrialization capacity building, as well as further improving the market and customer service system, which will accelerate Afilm Semiconductor's R&D layout and mass production delivery in the advanced process thin-film deposition equipment sector, propelling the company's development into the fast lane.

Dr. Liu Lihua, GM of Jiangsu Huacai Capital stated that with the continuous reduction of integrated circuit line widths, higher requirements are placed on multi-material heterogeneous integration and three-dimensional stacked thin-film processes, leading to an increasing market reliance on high-performance thin-film equipment. Afilm Semiconductor's technical team adheres to a forward R&D approach, possessing advanced process development experience and in-house core component R&D capabilities, which gained competitive advantages in the market and earned multiple industry-academia honors and support. Huacai Capital is optimistic about Afilm team and looks forward to its outstanding performance after achieving full-scale production in the future.

Mr. Zheng Yao, Chairman and Managing Partner of Wuxi Guolian Jintou Hehe Private Equity Fund Management Co., Ltd., stated that as an investment partner growing alongside Afilm Semiconductor, Wuxi Guolian Jintou Hehe Private Equity Fund has been deeply involved since its angel round incubation, by providing continuous support through multiple rounds of capital injection and resource empowerment. We highly recognize and firmly believe in the professional competence and innovative capabilities of Afilm Semiconductor team, and we hold full confidence and steadfast expectations for its long-term development prospects.

Mr. Lu Qing, Chairman of Jiangyin Financial Investment Co., Ltd., stated that with the explosive development of AI, emerging demands such as advanced packaging, HBM, and Chiplet have surged dramatically, urgently requiring advanced thin-film deposition equipment related to 3D stacking and advanced packaging for support. Afilm Semiconductor has gotten insight into customer needs, taking the lead in developing high-deposition-rate and ultra-thick film equipment, which was awarded the 2025 Major Special Project by the Jiangsu Provincial Department of Science and Technology. We look forward to Afilm making greater contributions to the localization of advanced thin-film deposition equipment.

Mr. Fei Kai, Chairman of Jiangyin Future Industry Investment and Development Group Co., Ltd.‌, stated that Afilm core team is composed of top experts in the field of semiconductor equipment manufacturing, accumulating extensive experience in advanced process development, and its clients span across semiconductor advanced processes, advanced packaging, large silicon wafers, advanced display, and the broader semiconductor sector. Afilm is deepening its development in Jiangyin High-Tech Zone, accelerating R&D innovation in advanced deposition processes. We look forward to Afilm breaking through more bottleneck challenges, strengthening regional industrial collaboration, and gaining a first-mover advantage in emerging markets.

Mr. Zhou Wei, Chairman of Afilm Semiconductor, stated that we are very pleased to have received recognition from state-owned capital in multiple regions and leading investment institutions. Afilm has gathered a high-quality international talent team with rich reserves of advanced deposition process technology. In less than three years since our establishment, we have rapidly achieved important milestones such as R&D, testing, and shipments, which owed to the continuous support of investors and our united team. In the future, Afilm will accelerate the layout of advanced deposition processes, striving to become a core participant and leader in the localization of advanced thin-film deposition equipment.