# Innoscience (Zhuhai) Technology Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/innoscience-zhuhai-technology-co

- Industry: Semiconductors
- Headquarters: Suzhou, China
- Website: www.innoscience.com.cn
- Total disclosed funding: $472M
- Latest round: Series D (Feb 16, 2022)
- Investors on record: 17

## About

Based in Suzhou, China, and established in 2017, Innoscience (Zhuhai) Technology Co., Ltd. is a semiconductor company that manufactures 8-inch GaN-on-Si wafers. The company has two fabrication plants in Suzhou, and Zhuhai, which passed the the quality management certifications of ISO9001 and IATF 16949. The company established cooperation with semiconductor corporations, such as ASML and AIXTRON, and international investors, including CMB international, ARM, Sk Hynix and CATL. As of February 2022, the company's monthly production capability reached 10,000 wafers, and global market share reached the third place, according to Trendforce's 2021 data. In December 2024, Innoscience (Zhuhai) Technology Co., Ltd. raised USD 100 million in pre-IPO funding. In December2024, it was listed on the Hong Kong Stock Exchange.

The company provides mass production of 8-inch GaN-on-Si wafers, including HV GaN HEMT series and LV GAN HEMT series. Those products adopt the technologies of 8-inch GaN-on Si epitaxy, 8-inch GaN on Si process, and 8-inch GaN on Si device. The features of GaN materials are high temperature resistance, high pressure resistance, high frequency, high power, and high energy conversion rate, and small size. The materials are used in the fields of new energy automotive, consumer electronic, and digital center.

The company generates revenue by manufacturing 8-inch GaN-on-Si wafers.

The company will use the IPO funding for expansion of 8-inch gallium nitride wafer production capacity, R&D and expansion of product portfolio and working capital.

## Funding rounds

- Series D, Feb 16, 2022, $472M — SAIF Partners, CMS Asset Management, Haitong Innovation Capital Management, Addor Capital, PENG Capital, China-Belgium Direct Equity Investment Fund, Ti-Capital, Zhaozheng investment, Saifu Gaopeng Capital
- Series C, May 13, 2021 — HUA Capital, Zhongtian Fortune
- Series B, Oct 9, 2019 — CMB International Asset Management, Everest VC, HUA Capital, Publics Venture Capital, Jindi Capital
- Series A, Apr 12, 2018 — Jindi Capital, Zhongtian Fortune
- Angel, Jul 21, 2017 — Richland Equities, CMB International Asset Management, Suzhou Wujiang Industrial Investment

## Investors

- Richland Equities (https://capitalatlas.ai/funds/richland-equities) — Angel
- CMB International Asset Management (https://capitalatlas.ai/funds/cmb-international-asset-management) — Angel, Series B
- Suzhou Wujiang Industrial Investment — Angel
- Jindi Capital (https://capitalatlas.ai/funds/jindi-capital) — Series A, Series B
- Zhongtian Fortune (https://capitalatlas.ai/funds/zhongtian-fortune) — Series A, Series C
- Everest VC (https://capitalatlas.ai/funds/everest-vc) — Series B
- HUA Capital (https://capitalatlas.ai/funds/hua-capital) — Series B, Series C
- Publics Venture Capital (https://capitalatlas.ai/funds/publics-venture-capital) — Series B
- SAIF Partners (https://capitalatlas.ai/funds/saif-partners) — Series D
- CMS Asset Management (https://capitalatlas.ai/funds/cms-asset-management) — Series D
- Haitong Innovation Capital Management (https://capitalatlas.ai/funds/haitong-innovation-capital-management) — Series D
- Addor Capital (https://capitalatlas.ai/funds/addor-capital) — Series D
- PENG Capital (https://capitalatlas.ai/funds/peng-capital) — Series D
- China-Belgium Direct Equity Investment Fund — Series D
- Ti-Capital (https://capitalatlas.ai/funds/ti-capital) — Series D
- Zhaozheng investment — Series D
- Saifu Gaopeng Capital — Series D