# X-SEMITECH

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/x-semitech

- Industry: Semiconductors
- Headquarters: Nanjing, China
- Total disclosed funding: $51M
- Latest round: Series B (Jun 30, 2025)
- Investors on record: 19

## About

Based in Jiangsu, China, and founded in 2018, Jiangsu X-chip Semiconductor Technology Co., Ltd., trading as X-SEMITECH, is a semiconductor company that focuses on the research and development of power management chips. The company's independently designed products have passed the electronic component independent controllability assessment and certification of the Fifth Research Institute of Electronics of the Ministry of Industry and Information Technology.

In August 2026, X-SEMITECH raised CNY 964.26 million in an IPO, selling 41.12 million shares at CNY 23.45 apiece on the Shenzhen Stock Exchange (SZSE) under the ticker "301707".

X-SEMITECH offers two main categories of products namely analog integrated circuits and micro-modules. As for analog integrated circuits, the company provides DC/DC converters, linear regulators (LDOs), load switches, drain modulation chips and other products. As for micro-modules, X-SEMITECH offers plastic-encapsulated micro-modules such as buck converters, negative voltage converters, and isolated converters which integrate the company's self-developed main control chip and passive components such as power devices, resistors, capacitors, and inductors into a single unit. The products are used for power management in the military electronics field and other industrial applications.

The company generates revenue primarily from the sales of integrated circuits and micro-modules to downstream customers which mainly include research institutes and enterprises under China's central state-owned military industrial groups, and private military supporting enterprises. It operates under a fabless model, focusing on "chip design + advanced packaging design + chip testing and screening" process while outsourcing manufacturing to foundries. 

X-SEMITECH will use the proceeds raised from the IPO on SZSE in August 2026 for, apart from replenishing its working capital, investing to three projects namely High-Reliability Power Management Chip and Signal Chain Chip R&D and Industrialization Project, Headquarters Base and R&D Center Construction Project and Testing Center Construction Project.

## Funding rounds

- Series B, Jun 30, 2025, $28M — Beijing Jingguorui Equity Investment Fund Management
- Series B, Nov 3, 2023 — Haitong Leading Private Equity Fund Management, Chuanghehui Capital, Wetogether Investment, Haibang Venture, WinInnovation Capital, Jiupai Capital, Jianyuan Tianhua Investment Management (Beijing), Deqin Asset Management, Hunan Jingjia High-tech Artificial Intelligence Industry Private Equity Fund Management Co., Ltd, Gaoxin Capital, Fenghua Venture
- Series A, Sep 30, 2023, $23M — Hui Hua Fund, Tianhui Investment, Shanxi Zhongbing Investment Fund Management
- Series A, Jul 21, 2023 — Cowin Capital, T-Capital, Sichuan Development Industry Led Equity Investment Fund Management, Tianhui Investment, Jiuke Capital

## Investors

- Cowin Capital (https://capitalatlas.ai/funds/cowin-capital) — Series A
- T-Capital — Series A
- Sichuan Development Industry Led Equity Investment Fund Management — Series A
- Tianhui Investment (https://capitalatlas.ai/funds/tianhui-investment) — Series A
- Jiuke Capital (https://capitalatlas.ai/funds/jiuke-capital) — Series A
- Hui Hua Fund (https://capitalatlas.ai/funds/hui-hua-fund) — Series A
- Shanxi Zhongbing Investment Fund Management (https://capitalatlas.ai/funds/shanxi-zhongbing-investment-fund-management) — Series A
- Haitong Leading Private Equity Fund Management (https://capitalatlas.ai/funds/haitong-leading-private-equity-fund-management) — Series B
- Chuanghehui Capital (https://capitalatlas.ai/funds/chuanghehui-capital) — Series B
- Wetogether Investment (https://capitalatlas.ai/funds/wetogether-investment) — Series B
- Haibang Venture — Series B
- WinInnovation Capital (https://capitalatlas.ai/funds/wininnovation-capital) — Series B
- Jiupai Capital — Series B
- Jianyuan Tianhua Investment Management (Beijing) — Series B
- Deqin Asset Management — Series B
- Hunan Jingjia High-tech Artificial Intelligence Industry Private Equity Fund Management Co., Ltd — Series B
- Gaoxin Capital — Series B
- Fenghua Venture — Series B
- Beijing Jingguorui Equity Investment Fund Management (https://capitalatlas.ai/funds/beijing-jingguorui-equity-investment-fund-management) — Series B