Hefei city high-tech group YUWEITEK completes funding round
Manufacturer Yuwei Semiconductor Technology Co Ltd, or YUWEITEK – based in the Hefei National High-Tech Industry Development Zone, or Hefei high-tech zone, in Hefei city, capital of East China's Anhui province – is a company that is expanding vigorously, especially after having secured a fresh chunk of funding.
The group, which supplies integrated circuits volume inspection equipment, recently announced the successful completion of a round of Series B financing.
Founded in 2019, the first IC defect detection product developed by YUWEITEK is being used by leading semiconductor chip manufacturers and has received international recognition, securing it running orders.
Over the past five years, YUWEITEK has developed seven core technologies – including a nanoscale photoelectric sensor measurement system – and has rolled out six major categories of volume testing products in four major fields, which are standardized for mass production in the zone.
Technicians work in the company's lab in the Hefei high-tech zone. [Photo/gxq.hefei.gov.cn]
Nearly 100 invention patents have been applied for, with 18 patents approved to date.
"Our success is inseparable from the good business environment and policy support of the Hefei high-tech zone," said a director at YUWEITEK.
The zone completed the funding approval and release of the guaranteed credit line of 20 million yuan ($2.91 million) for YUWEITEK at its critical R&D and production stage, which promoted its rapid development.
In recent years, Hefei high-tech zone has launched more than 20 financial products. One of them has provided secure credit of about 472 million yuan for 30 projects, with an average of 16 million yuan per project.