MEMSonics, China's leading manufacturer of radio frequency front-end BAW filters and front-runner of domestic radio frequency chips, received funds from several national institutions.
Wuhan MEMSonics Technologies Co., Ltd. (MEMSonics, Chinese:武汉敏声), a leading provider of micro-electromechanical system (MEMS) technology-enabled products in China, announced its nearly CNY 600 million (USD 89.7 million) Series B financing round on Sunday.
This financing round was led by state-owned funds includingChangjiang Innovation Fund Management, CCB Investments, China Railway Jianxin Asset Management, SDIC Changjiang (Hubei) Investment Management, Construction and Development Fund, Hubei High-Quality Development Industry Investment Fund, with participation by nongovernmental investors including Zhongjia Capital and Hubei Ruijiang Investment.
The funds from the round will be mainly used for purchasing more manufacturing equipment to accelerate the mass production of products, further promoting the capacity of RF filters, according to MEMSonics.
Qi Zhenyuan, a representative of Wuhan University Asset Management investment Management Co. LTD, said that investors are optimistic about MEMSonics' development prospect for its strength in R&D of RF Filter.
Established in 2019, MEMSonics has taken radio frequency filters as its flagship products, covering piezoelectric microphones and piezoelectric ultrasonic sensor chips. It is committed to becoming an IDM-type enterprise integrating design, production and sales. Now the firm has set up R&D design centers, pilot test platforms and large-scale production bases in Wuhan, Suzhou, Beijing, Singapore and other places.
RF filter is an important technology in China's development strategy. It is a vital passive device in wireless communication and the Internet of Things. This filter is mainly used in smartphones to avoid the interference of other sounds.
The BAW filter market has been monopolized by foreign giants like Qorvo and Avago for a long time. Domestic companies including Zhuhai Crystal Resonance Technologies, Shenzhen Sunway Communication, Shenzhen Microgate Technology, and Suzhou Dongshan Precision Manufacturing (DSBJ) have devoted much to this field.
The good news is that MEMSonics may be the first one to have the independent mass production of BAW filters by the end of 2022 domestically. This will mark a breakthrough at home and abroad.