# Keyou Semiconductor

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/keyou-semiconductor

- Industry: Semiconductors
- Headquarters: Harbin, China
- Website: www.ky-semiconductor.com
- Latest round: Series B (Oct 10, 2025)
- Investors on record: 4

## About

Based in China, Keyou Semiconductor specializes in semiconductor equipment, focusing on the research, development, and commercialization of advanced materials essential for high-performance devices.Keyou Semiconductor, founded in 2018, operates from Harbin, China. The company engages in the design and manufacturing of semiconductor equipment and substrates, catering primarily to manufacturers and research institutions. It has successfully completed four funding deals, with the most recent occurring in October 2025, where it raised an undisclosed amount during a Series B+ funding round.Harbin Keyou Semiconductor Industry Equipment and Technology Research Institute Co., Ltd. specializes in the research and development of semiconductor equipment, substrate manufacturing, device design, technology transfer, and the commercialization of scientific research results. The company's core product offerings include silicon carbide (SiC) crystal growth furnaces and substrates, as well as aluminum nitride crystal growth furnaces. SiC is recognized as a groundbreaking third-generation semiconductor material, known for its excellent electrical and thermal properties, making it suitable for high-power and high-frequency devices used in applications such as electric vehicles, photovoltaic systems, and energy storage solutions. Keyou Semiconductor primarily serves a B2B client base that includes semiconductor manufacturers and research institutions, focusing on markets in Asia and Europe, with plans to expand its presence in North America.Keyou Semiconductor operates on a B2B transaction model, where it directly sells its semiconductor equipment and substrates to manufacturers and research entities. Transactions typically involve bulk orders of equipment, such as the proprietary SiC crystal growth furnaces, which are essential for the production of high-performance semiconductor devices. The company may also establish partnerships with clients for ongoing support and maintenance services, enhancing customer relations and loyalty. Given the advanced nature of the technology and materials, pricing structures are reflective of the high value and specialized nature of the products, catering to clients in sectors that require cutting-edge semiconductor solutions. The revenue derived from these transactions positions Keyou Semiconductor as a key player in the rapidly evolving semiconductor industry.In October 2025, Keyou Semiconductor raised an undisclosed amount of Series B+ funding from new investors Fuyang Kesheng and Xicheng Jinrui Capital. This funding round will be primarily used to advance independent R&D of semiconductor equipment, scale-up production of substrate materials, and industrialize research findings. Plans for future growth include the design and launch of new products, with specific efforts to expand into the North American market by 2026.

## Funding rounds

- Series B, Oct 10, 2025 — Kingray Capital, Fuyang Kesheng
- Series A, Jan 23, 2024 — Yongchao Venture Capital
- Angel, Jun 24, 2018 — Harbin Venture Capital Group

## Investors

- Harbin Venture Capital Group (https://capitalatlas.ai/funds/harbin-venture-capital-group) — Angel
- Yongchao Venture Capital (https://capitalatlas.ai/funds/yongchao-venture-capital) — Series A
- Kingray Capital (https://capitalatlas.ai/funds/kingray-capital) — Series B
- Fuyang Kesheng — Series B