SiCarrier targets $2.8bn in initial fundraising

SiCarrier, a Chinese spot instrumentality shaper with reported adjacent ties to Huawei, is seeking $2.8bn successful its archetypal fundraising round, reported Reuters citing 2 individuals acquainted with the matter.

The Shenzhen metropolis government-owned startup, founded successful 2021, aims to grow its lawsuit basal and found a much salient beingness wrong the industry.

SiCarrier is besides looking to go China's cardinal supplier of chipmaking equipment, surpassing competitors similar Naura and Advanced Micro-Fabrication Equipment China (AMEC), according to 4 sources with cognition of its plans.

One root noted that Shenzhen authorities is aiming to merchantability astir 25% of a SiCarrier portion astatine an estimated valuation of 80bn yuan ($11bn).

The portion reportedly excludes the company's lithography-related assets. The sanction of the portion has not been disclosed.

The fundraising is expected to reason successful the coming weeks, with proceeds mostly allocated for research, the study said.

According to 2 sources, the funds raised volition beryllium directed chiefly towards probe and development.

State-owned enterprises, authorities funds, and home task superior and backstage equity funds person shown involvement successful this imaginable investment.

SiCarrier did not remark connected the fundraising plans, and neither did the Shenzhen government.

At the Semicon China commercialized amusement successful March 2025, the institution showcased 30 chipmaking machines named aft Chinese mountains.

According to 2 sources, astir of the company’s instrumentality is inactive successful improvement and not yet acceptable for wide production.

SiCarrier is besides investing successful AI-based exertion for wafer defect detection, a method aimed astatine improving spot accumulation yields.

Industry insiders suggest SiCarrier originated from a Huawei portion focused connected semiconductor tools.

Although immoderate Chinese foundries person acquired SiCarrier products successful enactment of the home initiative, 3 sources indicated concerns stay astir imaginable risks to commercialized secrets, peculiarly involving Huawei.

Late successful 2024, SiCarrier was added to the US export power database owed to its alleged links to Huawei.

"SiCarrier targets $2.8bn successful archetypal fundraising" was primitively created and published by Verdict, a GlobalData owned brand.

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