# Xinhua Semiconductor

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

- Industry: Semiconductors
- Headquarters: Xuzhou, China
- Website: www.sinvar.com
- Total disclosed funding: $141M
- Latest round: Series B (Jun 5, 2023)
- Investors on record: 22

## About

Founded in 2015 and based in Xuzhou, China, Xinhua Semiconductor operates as a semiconductor grade polysilicon developer, engaged in the development, production and sales of electronic grade polysilicon for the semiconductor industry. The company was co-founded by National Integrated Circuit Industry Investment Fund and Jiangsu Zhongneng Polysilicon Technology Development. A branch office has been set up in Huhhot. In 2019, the company's products were awarded as "Jiangsu Province Specialized and New Products". By the end of 2022, it has obtained 52 patents, including 19 invention patents and 33 utility model patents. In October 2025, Xinhua Semiconductor closed a Strategic investment from new investor National Materials No. 2.


The company develops semiconductor grade polysilicon for use in 300mm wafers and its main products are electronic grade polysilicon for direct-drawing and electronic grade polysilicon for district melting. Specific products include high purity polysilicon blocks, large wafers, silicon carbide coated graphite parts, silicon carbide coated composite materials and other series. The products can be used in IGBTs, PICs, RF devices, microelectromechanical systems and various detectors and sensors.

The company generates revenue by doing research, development, production, and sales of electronic-grade polysilicon for the semiconductor industry and other related products.

The funding raised in October 2025 will be used to support Xinhua Semiconductor's R&D and production of semiconductor-grade polysilicon, further promoting the improvement of the domestic semiconductor industry chain.

## Funding rounds

- Series B, Jun 5, 2023, $141M — Oriza Holdings, CNBM Investment, CCB Investment Funds Management, CRRC Capital Management, Hudson Capital, Zhangjiang Torch Investment, Chengdu Science and Technology Innovation Investment Group, Yuhai Capital
- Series A, Jan 7, 2022 — Shanghai Pudong Hi-tech Investment, CCB International, GP Capital, Cowin Capital, CDF-Capital, MultiGo Capital, JIC Capital, Yuntai Capital, Stony Creek Capital, Kingray Capital, Zhongcai Dingsheng Beijing Capital, Beijing Zhongqing Zhenghe Technology Venture Capital Management, Shanghai Xunuo Asset Management, Taiheshun Equity

## Investors

- Shanghai Pudong Hi-tech Investment (https://capitalatlas.ai/funds/shanghai-pudong-hi-tech-investment) — Series A
- CCB International (https://capitalatlas.ai/funds/ccb-international) — Series A
- GP Capital (https://capitalatlas.ai/funds/gp-capital) — Series A
- Cowin Capital (https://capitalatlas.ai/funds/cowin-capital) — Series A
- CDF-Capital (https://capitalatlas.ai/funds/cdf-capital) — Series A
- MultiGo Capital (https://capitalatlas.ai/funds/multigo-capital) — Series A
- JIC Capital (https://capitalatlas.ai/funds/jic-capital) — Series A
- Yuntai Capital (https://capitalatlas.ai/funds/yuntai-capital) — Series A
- Stony Creek Capital (https://capitalatlas.ai/funds/stony-creek-capital) — Series A
- Kingray Capital (https://capitalatlas.ai/funds/kingray-capital) — Series A
- Zhongcai Dingsheng Beijing Capital (https://capitalatlas.ai/funds/zhongcai-dingsheng-beijing-capital) — Series A
- Beijing Zhongqing Zhenghe Technology Venture Capital Management (https://capitalatlas.ai/funds/beijing-zhongqing-zhenghe-technology-venture-capital-managem) — Series A
- Shanghai Xunuo Asset Management — Series A
- Taiheshun Equity — Series A
- Oriza Holdings (https://capitalatlas.ai/funds/oriza-holdings) — Series B
- CNBM Investment — Series B
- CCB Investment Funds Management (https://capitalatlas.ai/funds/ccb-investment-funds-management) — Series B
- CRRC Capital Management — Series B
- Hudson Capital — Series B
- Zhangjiang Torch Investment (https://capitalatlas.ai/funds/zhangjiang-torch-investment) — Series B
- Chengdu Science and Technology Innovation Investment Group — Series B
- Yuhai Capital (https://capitalatlas.ai/funds/yuhai-capital) — Series B