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China’s Sj Semiconductor Closes Series C Round At $300M, Earns Unicorn Tag

Mar 17, 2022over 3 years ago

Round Type

series c

Description

China’s SJ Semiconductor on Wednesday announced the completion of its Series C round of financing at $300 million. The round values the company at over $1 billion, earning it the unicorn moniker.

Company Information

Company

Sj Semiconductor

About

Besides its headquarters in Jiangyin City in China’s coastal Jiangsu Province, the firm also has branches in Shanghai and Silicon Valley. The firm announced in January to invest $1.6 billion in Jiangyin City to build facilities that are expected to deliver 120,000 wafer-level packaged IC units and 20,000 3D multi-die integration packaging-based chipsets per month. In a statement, SJ Semiconductor said that it had signed investment agreements with all investors in September 2021. SJ Semiconductor was founded in August 2014 to offer 12-inch wafer bumping and testing service, an advanced wafer-level process technology essential to semiconductor packaging.