AsiaSound Semiconductor Completes Over 100 Million Yuan Series B Financing
Zhejiang Yasheng Semiconductor Equipment Co., Ltd., a manufacturer of pan-semiconductor equipment and components, recently completed a Series B financing round exceeding 100 million yuan. This round was co-led by Xi Venture Capital, Wuxi Guolian Xinchuang, and Honghui Fund, with participation from Jinpu Investment, Xinshang Capital, Hanli Capital, and Yunjin Capital. The funds will be used for R&D investment and capacity expansion, aiming to enhance the company's equipment supply capabilities in the integrated circuit, display, and photovoltaic sectors. Founded in 2014, AsiaSound Semiconductor specializes in integrated solutions for exhaust gas treatment equipment, vacuum pumps, heating belts, and CMS central integration systems. The company previously received investment from renowned institutional investors such as Oriza Puhua.