Chipone Technology Revenue, Valuation, Funding & Investors

Chipone Technology is valued at $4.7B as of December 2021, a 28.3x multiple on its last reported $166M revenue.

Last Chipone Technology valuation

$4.7B

Series E · Dec 2021

Last Chipone Technology funding round

$1B

Series E · Dec 2021

Chipone Technology revenue

$166M

Series E · Dec 2021

Key investors in Chipone Technology

  • GGV Capital
  • Oriza Holdings
  • CPE
  • Oceanpine Capital
  • Prosperity Investment
  • CCB Capital

Chipone Technology Overview

About Chipone Technology

Chipone Technology is a display chip design company headquartered in Beijing, China, producing TDDI, LDDI, OLED drivers, power management, LED drivers, timing controllers, fingerprint sensors, and touch controllers. The firm supplies major global panel makers like BOE and Tianma, as well as mobile brands including Huawei and Oppo, and LED display manufacturers. Established in 2007, Chipone North America supports international expansion with products for smartphones, TVs, laptops, and automotive displays.


Founded

2008

HQ

ChinaBeijing

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Revenue

$166M (Dec 2021)

Valuation

$4.7B (Dec 2021)

Chipone Technology Valuation

Chipone Technology is currently valued at $4.7B, based on its Series E in December 2021.

The $1B round was led by Oceanpine Capital, with participation from CPE, Prosperity Investment, Silk Road Huachuang, CCB Capital, Vivo Communication Technology and 2 other investors.

Chipone Technology valuation by funding round

Chipone Technology valuation by funding round
DateStageValuationRevenue Multiple
Dec 2021Series E$4.7B28.3x

Chipone Technology Revenue

Chipone Technology's latest recorded revenue is $166M, as of its Series E in December 2021. At a $4.7B valuation, that implies a 28.3x revenue multiple.

Chipone Technology revenue by funding round

Chipone Technology revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Dec 2021$166M$4.7B28.3xSeries E

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Chipone Technology Funding History

Chipone Technology has raised a total of $1B across 1 funding round.

Chipone Technology funding rounds

Chipone Technology funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2021Series EOceanpine Capital (lead); CPE; Prosperity Investment; Silk Road Huachuang; CCB Capital; Vivo Communication Technology; GGV Capital; Oriza Holdings$1B$4.7BChipone Technology is a Shanghai-based chip designer founded in 2011 that develops semiconductor solutions for electronic display panels, serving smartphone makers, display panel manufacturers, and LED display companies globally, with operations in both China and the United States. On December 16, 2021, the company closed a Series E financing round raising over 6.5 billion yuan ($1.024 billion USD) led by Oceanpine Capital, with participation from Vivo, Unic Capital Management, CCB Private Equity Investment Management, GGV Capital, and other institutional investors including returning shareholders such as CITIC Private Equity, Beijing Singularity Power Investment Management, and Silk Road Huachuang Investment Management. The round valued Chipone at over 30 billion yuan ($4.7 billion USD), reflecting strong investor confidence in the Chinese semiconductor sector during a period of significant deal activity in chipmaking startups.

Who has invested in Chipone Technology?

8 investors have backed Chipone Technology across its funding rounds, including GGV Capital, Oriza Holdings, CPE, Oceanpine Capital, Prosperity Investment and CCB Capital.

Lead investors include Oceanpine Capital.


Chipone Technology Investors

Investors in Chipone Technology by funding rounds participated
InvestorHQRoundsRoleFirst check
CPEChinaBeijing1ParticipantDec 2021
Prosperity InvestmentChinaBeijing1ParticipantDec 2021
Silk Road HuachuangChinaBeijing1ParticipantDec 2021
CCB CapitalChinaBeijing1ParticipantDec 2021
Vivo Communication TechnologyChinaShenzhen1ParticipantDec 2021
GGV CapitalUnited StatesSan Francisco, CA1ParticipantDec 2021

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Acquisitions by Chipone Technology

Chipone Technology has acquired 1 company to date.

Last acquisition by Chipone Technology was on June 2nd 2016. Chipone Technology acquired iML for $145M.


Latest Acquisitions by Chipone Technology

iML
Description
iML is a fabless semiconductor designer based in Hsinchu, Taiwan, specializing in analog and mixed-signal ICs for flat panel displays and mobile devices. The company supplies power management chips for large TFT-LCD panels and display drivers for smartphones, partnering with foundries like TSMC and UMC. iML ships high-volume solutions to OEMs such as Samsung Display and LG Display, while sampling components for OLED mobile systems. Established design IP in system interfaces bolsters its portfolio in power-efficient circuits for consumer electronics markets.
HQ CountryUnited States
HQ City
San Jose, CA
Deal Date2 Jun 2016
Valuation$145M
EV/Revenue
EV/EBITDA

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Investments by Chipone Technology

Chipone Technology has invested in 1 company to date.

Latest investment by Chipone Technology was on February 14th 2022. Chipone Technology invested in Smart Logic in their $100M Series C round.


Latest Investments by Chipone Technology

Smart Logic
Description
Smart Logic is a semiconductor intellectual property provider based in China, developing chip designs for cloud computing, data centers, AI accelerators, and mobile communications. The company holds over 120 invention patents and 20 international patents, including technologies presented at the HPCA conference. Its IP cores support high-performance interconnects and processors deployed in servers from Huawei and Alibaba Cloud infrastructure.
HQ CountryChina
HQ City
Beijing
Deal Date14 Feb 2022
RoundSeries C
Raised$100M
InvestorsGrand Flight Investment; CICC; Yuanyi Investment Partnership
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Chipone Technology Competitors

Chipone Technology competitors include listed companies like AP Memory Technology, Vishay, Macnica Holdings and Guangzhou Shiyuan, and private ones like Ayar Labs and Source Foundry.

Public and private companies comparable to Chipone Technology
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AP Memory TechnologyTaiwanTaiwanPublicly listed$178M$40M$4.7B15.6x
VishayUnited StatesUnited StatesPublicly listed$3.1B$276M$4.9B1.3x
Macnica HoldingsJapanJapanPublicly listed$7.8B$291M$4.5B0.6x
Guangzhou ShiyuanChinaChinaPublicly listed$3.6B$215M$4.9B1.2x
Ayar LabsUnited StatesSan Jose, CAPrivate--$5B-
Source FoundryUnited StatesSan Francisco, CAPrivate--$5B-

Chipone Technology Public Comps

Chipone Technology is still privately-owned, but its public comps include AP Memory Technology, ACM Research, Epiworld International, Macnica Holdings, Vishay, Guangzhou Shiyuan, Chipbond Tech, Ferrotec Group, AXT and All Winner Technology.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
AP Memory Technology$178M$40M24.4x15.6x109.0x51.6x
ACM Research$901M$144M4.6x3.8x29.0x23.1x
Epiworld International$114M($3M)39.5x-(1762.0x)-
Macnica Holdings$7.8B$291M0.6x0.6x16.8x13.7x
Vishay$3.1B$276M1.5x1.3x17.0x11.6x
Guangzhou Shiyuan$3.6B$215M1.5x1.2x24.8x14.5x
Chipbond Tech$673M$195M7.0x6.2x24.3x21.2x
Ferrotec Group$427M$111M11.1x-43.0x-

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Common questions about Chipone Technology

When was Chipone Technology founded?Chipone Technology was founded in 2008.
Where is Chipone Technology headquartered?Chipone Technology is headquartered in Beijing, China.
Is Chipone Technology publicly listed?No, Chipone Technology is a private, VC-backed company.
What is Chipone Technology's valuation?Chipone Technology was last valued at $4.7B in its Series E in December 2021.
How much funding has Chipone Technology raised?Chipone Technology has raised $1B across 1 funding round.
What was Chipone Technology's last funding round?Chipone Technology's last funding round was a $1B Series E in December 2021, led by Oceanpine Capital.
Who are Chipone Technology's investors?Chipone Technology's investors include CPE, Prosperity Investment, Silk Road Huachuang, CCB Capital, Vivo Communication Technology, GGV Capital, Oceanpine Capital and Oriza Holdings.
What is Chipone Technology's revenue?Chipone Technology's latest recorded revenue is $166M (December 2021).
What is Chipone Technology's revenue multiple?Chipone Technology's latest valuation implies a 28.3x revenue multiple ($4.7B valuation on $166M of revenue).
Which companies are comparable to Chipone Technology?Companies comparable to Chipone Technology include AP Memory Technology, Vishay, Macnica Holdings, Guangzhou Shiyuan, Ayar Labs and Source Foundry.
How many companies has Chipone Technology acquired?Chipone Technology has acquired 1 company, including iML.
What was the largest acquisition by Chipone Technology?The $145M acquisition of iML in June 2016 is the largest acquisition Chipone Technology has made to date.
How many companies has Chipone Technology invested in?Chipone Technology has invested in 1 company, including Smart Logic.
What was Chipone Technology's last investment?In February 2022, Chipone Technology invested in Smart Logic's $100M Series C alongside Grand Flight Investment, CICC and Yuanyi Investment Partnership.

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