Shanghai Fuxuan Automation Technology Co., Ltd. (“Fuxuan Technology”) recently has completed an angel round of financing with Addor Capital (毅达资本) as the only investor.
Fuxuan Technology is a professional provider of FAB high-purity chemical conveying equipment and systems, high-purity chemical production and packaging equipment and systems, high-end chemical production equipment and control systems.
According to Fuxuan Technology, the company's main products and business include Wet Bench - chemical etching and cleaning equipment for silicon wafers, semiconductor equipment parts cleaning machines, chemical delivering systems, slurry delivering systems, solvent recovery systems and mixing and filling systems for high-purity chemicals.
According to SEMI, the semiconductor material market size was USD 66.8 billion in 2021, with a compound annual growth rate of 8.9% and revenue of USD 72.7 billion in 2022. The market demand for the semiconductor industry has significantly increased due to the rapid development of 5G and new energy resources.
In addition to Fuxuan Technology, several companies are competing in the semiconductor material market, such as National Silicon Industry (沪硅产业)，Dinglong (鼎龙股份), Konfoong Materials (江丰电子) and TSMC (台积电) in China, Intel and Honeywell in the United States, Samsung and SK Hynixin in Korea, and Sumitomo and JX Nippon Mining & Metals in Japan.
Guofei Zhao, president of Fuxuan Technology, stated: "the equipment industry will be a very important link in China's integrated circuit industry to achieve a leap from following to leading. Fuxuan Technology will strive to break through industry weaknesses through continuous technological research and system optimization design, firmly grasp market opportunities, and strive to build the company into a well-known brand of semiconductor equipment, making positive contributions to the development of domestic equipment.”
This round of financing for Fuxuan Technology I was exclusively invested by Addor Capital (毅达资本). This round of financing funds will mainly be used for the continuous research and development investment of Fuxuan Technology and the construction of the Hefei headquarters production base.