Shanghai Li Zhao Technology Inc.(励兆科技), located in Minhang District, Shanghai, recently announced the completion of tens of million yuan of Pre-A round of financing.
Li Zhao Technology is a RF and plasma system supplier focusing on the semiconductor process equipment field, with many years of experience in the development of advanced semiconductor equipment, more than ten years of experience in the development and manufacturing of RF power systems, and a deep accumulation of experience in a number of aspects, such as basic research, product development, process application, and market expansion.
Equal Ocean reviewed data from Verified Market Research and found that the global RF power semiconductor market will reach USD 26.55 billion in 2020 and is projected to reach USD 83.79 billion in 2028, growing at a CAGR of approximately 15.56%. The growing demand for smartphones across the globe and increasing use of long-term evolution (LTE) are expected to fuel the market growth of the RF poower semiconductor market.
Within one year of its establishment, Li Zhao Technology has developed 13.56MHz series and 400KHz series RF power supply products, with some of the key performance parameters reaching international advanced level. Li Zhao Technology is one of the few international leading R&D teams in China, which is able to effectively meet the needs of a wide range of processes, and take the lead in China to provide optional solutions for processes such as Advanced Etching and Atomic Layer Deposition. Relying on its solid industrial technology background, Li Zhao Technology team expects to create a world-class Chinese RF plasma solutions company that will challenge and eventually surpass the industry leaders in the international market.
The broad application prospect of RF power semiconductor makes many companies participate in it. China's representative companies include AENI（伊恩埃）, HUAXIN (华芯), Ftr (飞特尔), etc.. Internationally there are MKS, AE, Daihen, Kyosan, Huettinger and other companies occupying a major market share.
This round of financing was participated by Monolith Management (砺思资本), Fortune-Tech Capital (中芯聚源) and LGIC (临港科创) . Monolith Management inticated that it is optimistic about the prospect of localization in the direction of RF power supply, and it believes that Li Zhao Technology will become the benchmark of the industry in the future.