# Xi'an ESWIN Material Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xi-an-eswin-material-technology

- Industry: Materials
- Headquarters: Xi'an, China
- Website: www.eswinsi.com
- Total disclosed funding: $1.7B
- Latest round: Series C (Dec 9, 2022)
- Investors on record: 31

## About

Based in Xi'an, China and established in 2016, Xi'an ESWIN Material Technology operates as a silicon materials provider that focuses on the 12 inch silicon single crystal polished wafers and epitaxial wafers The company is responsible for the silicone materials business of the Eswin Group. Xi'an ESWIN Material Technology has set up a factory in Xi'an, which has a design capacity of 500,000 wafers/month. In December 2021, it. raised CNY 4 billion in series C funding co-led by China Internet Investment Fund and CITIC Goldstone Fund Management. In June 2025, Xi'an Yiswei Materials Technology raised CNY 4.634 billion in an IPO, issuing 537.8 million shares at CNY 8.62 per share on the Shanghai Stock Exchange under the ticker symbol “688783”.
Xi'an ESWIN Material Technology mainly develops and manufactures 12-inch silicon single crystal polished wafers and epitaxial wafers for integrated circuits. The company's materials can be used in logic chips, flash memory chips, dynamic random memory chips, image sensors, and display driver chips of the fields of electronics and telecommunications, automotive manufacturing, artificial intelligence and consumer electronics.
Revenue is primarily generated through the sale of 12-inch silicon wafers to domestic and international customers, including top-tier foundries and IDM manufacturers. Additional income comes from long-term supply agreements and strategic partnerships.

## Funding rounds

- Series C, Dec 9, 2022, $575M — Source Code Capital, CNBM Investment, Zhongji Investment, China Life Capital, SDIC Unity Capital, China Development Bank Capital, GIG Capital Management Group, Chongqing Yufu Holding, Beijing Financial Street Capital Operation Group, Hudson Capital, Pu Yao Jiu Zhou Fund Management, Shang Qi Capital, Changan Huitong Capital
- Series C, Dec 1, 2021, $391M — Legend Capital, IDG Capital, CITIC Goldstone Fund Management, SAIC Capital, Zhiyi Capital duplicate, China Internet Investment Fund, Guokai Kechuang, Shang Qi Capital
- Series B, Jul 30, 2021, $464M — CITIC Goldstone Fund Management, CITIC Securities, Addor Capital, ZWC Ventures, China Life Capital, Beijing Xindongneng Investment Fund, China Internet Investment Fund
- Series B, Jun 8, 2020, $280M — Legend Capital, IDG Capital, MultiGo Capital, Lighthouse Capital, Riverhead Capital, Singularity Power Capital, Broad Vision Funds, Zhejiang Haining Juanhu Science and Technology City Development Investment, Haining Industrial Asset Operation
- Series A, Jan 31, 2019 — IDG Capital, MultiGo Capital, Singularity Power Capital, Broad Vision Funds

## Investors

- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series A, Series B, Series C
- MultiGo Capital (https://capitalatlas.ai/funds/multigo-capital) — Series A, Series B
- Singularity Power Capital — Series A, Series B
- Broad Vision Funds (https://capitalatlas.ai/funds/broad-vision-funds) — Series A, Series B
- Legend Capital — Series B, Series C
- Lighthouse Capital (https://capitalatlas.ai/funds/lighthouse-capital) — Series B
- Riverhead Capital (https://capitalatlas.ai/funds/riverhead-capital) — Series B
- Zhejiang Haining Juanhu Science and Technology City Development Investment — Series B
- Haining Industrial Asset Operation — Series B
- CITIC Goldstone Fund Management (https://capitalatlas.ai/funds/citic-goldstone-fund-management) — Series B, Series C
- CITIC Securities — Series B
- Addor Capital (https://capitalatlas.ai/funds/addor-capital) — Series B
- ZWC Ventures (https://capitalatlas.ai/funds/zwc-ventures) — Series B
- China Life Capital — Series B, Series C
- Beijing Xindongneng Investment Fund — Series B
- China Internet Investment Fund (https://capitalatlas.ai/funds/china-internet-investment-fund) — Series B, Series C
- SAIC Capital (https://capitalatlas.ai/funds/saic-capital) — Series C
- Zhiyi Capital duplicate — Series C
- Guokai Kechuang — Series C
- Shang Qi Capital (https://capitalatlas.ai/funds/shang-qi-capital) — Series C
- Source Code Capital (https://capitalatlas.ai/funds/source-code-capital) — Series C
- CNBM Investment — Series C
- Zhongji Investment (https://capitalatlas.ai/funds/zhongji-investment) — Series C
- SDIC Unity Capital (https://capitalatlas.ai/funds/sdic-unity-capital) — Series C
- China Development Bank Capital — Series C
- GIG Capital Management Group — Series C
- Chongqing Yufu Holding — Series C
- Beijing Financial Street Capital Operation Group — Series C
- Hudson Capital — Series C
- Pu Yao Jiu Zhou Fund Management (https://capitalatlas.ai/funds/pu-yao-jiu-zhou-fund-management) — Series C
- Changan Huitong Capital (https://capitalatlas.ai/funds/changan-huitong-capital) — Series C