GTA Semiconductor Valuation, Funding & Investors

GTA Semiconductor is valued at $4.1B as of August 2023.

Last GTA Semiconductor valuation

$4.1B

Undisclosed stage · Aug 2023

Last GTA Semiconductor funding round

$1.9B

Undisclosed stage · Aug 2023

Cumulative funding GTA Semiconductor raised

$3.2B

across 3 funding rounds

Key investors in GTA Semiconductor

  • China Internet Investment Fund
  • SAIC Capital
  • Shang Qi Capital
  • Panorama Capital
  • Spinnotec
  • Pudong Venture Capital

GTA Semiconductor Overview

About GTA Semiconductor

GTA Semiconductor is a Shanghai specialty-process semiconductor manufacturer founded in 2017 around Huada Semiconductor. It develops and runs wafer fabrication lines for automotive electronics, industrial control and high-end consumer electronics, producing microcontrollers, analog circuits, power devices and sensors for chip designers and integrated device makers. Its processes include BCD, IGBT, MOSFET and silicon carbide devices on 6-inch, 8-inch and 12-inch wafers, and it also offers mask, test and multi-project wafer services together with design kits. The company operates fabs in the Lingang area and in Xuhui, Shanghai. It took the Hong Kong-listed Shanghai Advanced Semiconductor Manufacturing Corporation private through a merger by absorption, which gave it a long-established analog foundry. It has financed expansion through state-backed and industry investor rounds and is privately held.


Founded

2017

HQ

ChinaShanghai

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$4.1B (Aug 2023)

GTA Semiconductor Valuation

GTA Semiconductor is currently valued at $4.1B, based on its undisclosed-stage round in August 2023. Read the announcement ↗

The $1.9B round included Pudong Venture Capital, Spinnotec and Panorama Capital.

GTA Semiconductor valuation by funding round

GTA Semiconductor valuation by funding round
DateStageValuation
Aug 2023Undisclosed stage$4.1B

GTA Semiconductor Funding History

GTA Semiconductor has raised a total of $3.2B across 3 funding rounds.

GTA Semiconductor's first fundraising round was a $1.3B undisclosed-stage round in November 2021. The most recent completed round was a $1.9B undisclosed-stage round in August 2023.

GTA Semiconductor funding rounds

GTA Semiconductor funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2023Undisclosed stagePudong Venture Capital; Spinnotec; Panorama Capital$1.9B$4.1BGTA Semiconductor (Jita Semiconductor), a Shanghai-based maker of automotive and industrial chips, completed a new financing round of RMB 13.5 billion in early September 2023, close to two years after its previous large round. Caixin reported that the round was led by Shanghai Pudong Venture Capital, with more than 20 other participants including Huada Semiconductor and the CEC Wisdom fund, alongside other state funds, industrial investors, local funds and financial investors. The company was valued at about RMB 17.3 billion before the money and RMB 30 billion after it. The proceeds go towards expanding its specialty-process wafer capacity in Shanghai at a time when more capital is moving into automotive-grade chip manufacturing after the pandemic-era chip shortage. GTA Semiconductor was founded in 2017 and merged with Shanghai Advanced Semiconductor Manufacturing (ASMC) in 2018. It produces automotive electronic chips, IGBT power devices and analog chips on 8-inch and 12-inch lines, and also offers analog wafer foundry services to chip designers and integrated device manufacturers. Its previous large round, of CNY 8 billion, closed in late 2021 and was led by Huada Semiconductor.
Dec 2021Undisclosed stageSAIC Capital (lead)$79M-GTA Semiconductor, founded in 2017 and based in Shanghai, China, develops and manufactures power devices including IGBTs and SiC power modules, as well as analog ICs. The company had previously merged with Shanghai Advanced Semiconductor Manufacturing Corporation (ASMC) in a 2018 take-private deal. SAIC Capital, the investment arm of SAIC Motor Corporation, focuses on automotive technology, semiconductors, and advanced manufacturing. GTA Semiconductor supports China’s domestic semiconductor supply chain, power semiconductors, and automotive-grade solutions. Later developments include a 2022 Series C round of $1.3 billion led by SAIC Venture Capital at a $6 billion valuation, bringing total funding to approximately $3 billion, with purposes to expand automotive semiconductor production and R&D. Additional state-funded rounds followed, such as over $1.8 billion reported in 2023, accumulating over $2.7 billion in mostly state funds in under two years.
Nov 2021Undisclosed stageHuada Semiconductor (lead); Skyworth Investment; Shang Qi Capital; Hubei Xiaomi Changjiang Industrial Investment Fund Management; China Internet Investment Fund$1.3B-GTA Semiconductor, founded in 2017 and headquartered in Shanghai, China, is a large-scale integrated circuit chip manufacturer specializing in automotive electronic chips, IGBT chips, and analog wafer foundry services. The company merged with Shanghai Advanced Silicon Technology Co., Ltd. (formerly ASMC) and invested CNY 35.9 billion in 2018 to build specialized production lines in Shanghai Lingang for analog circuits and power devices, targeting monthly capacities of 60,000 8-inch and 50,000 12-inch wafers for industrial control, automotive, electric power, and energy sectors. In late November/early December 2021, GTA Semiconductor completed a strategic financing round of CNY 8 billion (~USD 1.2-1.26 billion), led by Huada Semiconductor with participation from CII Fund, Shang QI Capital, Skyworth investment, Xiaomi Changjiang fund, CITIC Industrial Fund, CICC, China Capital Management, and Guotai Junan Securities. The funds aim to boost R&D in vehicle-scale chip manufacturing, automotive power chips, IGBT, and SiC power devices, while expanding production capacity. GTA serves global IDMs and fabless semiconductor firms, with products used in smart cards, automotive electronics, power management, communications, and consumer goods. Customers include leading integrated device manufacturers.

Who has invested in GTA Semiconductor?

9 investors have backed GTA Semiconductor across its funding rounds, including China Internet Investment Fund, SAIC Capital, Shang Qi Capital, Panorama Capital, Spinnotec and Pudong Venture Capital.

Lead investors include SAIC Capital and Huada Semiconductor.


GTA Semiconductor Investors

Investors in GTA Semiconductor by funding rounds participated
InvestorHQRoundsRoleFirst check
Skyworth Investment--1ParticipantNov 2021
SAIC CapitalChinaShanghai1LeadDec 2021
Pudong Venture CapitalChinaChina1ParticipantAug 2023
Shang Qi CapitalChinaChina1ParticipantNov 2021
SpinnotecChinaShanghai1ParticipantAug 2023
Hubei Xiaomi Changjiang Industrial Investment Fund ManagementChinaHubei1ParticipantNov 2021
China Internet Investment FundChinaBeijing1ParticipantNov 2021

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by GTA Semiconductor

GTA Semiconductor has acquired 1 company to date.

Last acquisition by GTA Semiconductor was on October 30th 2018. GTA Semiconductor acquired ASMC for $299M.


Latest Acquisitions by GTA Semiconductor

ASMC
Description
Advanced Semiconductor Manufacturing Corporation is a Shanghai-headquartered analog and power semiconductor foundry at Caohejing Hi-Tech Park. Established in 1988 and listed on the Hong Kong Stock Exchange as 03355.HK, ASMC operates 5-, 6-, and 8-inch wafer lines with nearly 800,000 wafers annual capacity, specializing in MEMS, IGBTs, and automotive chips. Certified to ISO/TS 16949 and ISO 27001, it supplies global IDMs and fabless firms in smart cards, EVs, and power management.
HQ CountryChina
HQ City
Shanghai
Deal Date30 Oct 2018
Valuation$299M
EV/Revenue
EV/EBITDA

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GTA Semiconductor Competitors

GTA Semiconductor competitors include listed companies like D-Wave Quantum and Core Scientific, and private ones like Lightmatter, SiFive, Sunrise and Machxin Technology.

Public and private companies comparable to GTA Semiconductor
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
LightmatterUnited StatesSan Francisco, CAPrivate$50M-$4.4B-
SiFiveUnited StatesSan Francisco, CAPrivate$116M-$3.6B-
SunriseChinaHangzhouPrivate--$3B-
Machxin TechnologyChinaShanghaiPrivate--$2.5B-
D-Wave QuantumUnited StatesUnited StatesPublicly listed$25M($373M)$4B89.6x
Core ScientificUnited StatesUnited StatesPublicly listed$319M($211M)$4.3B10.9x

GTA Semiconductor Public Comps

GTA Semiconductor is still privately-owned, but its public comps include Everdisplay Optronics, Vishay, Aixtron, RORZE, XinTec, Grinm Advanced Materials, D-Wave Quantum, Chongqing Genori Technology, Guangzhou Shiyuan and Formosa Sumco Tech.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Everdisplay Optronics$826M$101M7.9x-65.3x-
Vishay$3.1B$276M1.3x1.1x14.1x9.2x
Aixtron$622M$131M5.7x5.5x27.2x25.3x
RORZE$817M$195M4.6x3.7x19.4x12.2x
XinTec$222M$77M18.0x13.3x52.3x34.4x
Grinm Advanced Materials$1.4B$70M2.7x2.8x56.2x52.5x
D-Wave Quantum$25M($373M)144.2x89.6x(9.5x)(30.4x)
Chongqing Genori Technology$130M$49M28.9x-76.9x-

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Common questions about GTA Semiconductor

When was GTA Semiconductor founded?GTA Semiconductor was founded in 2017.
Where is GTA Semiconductor headquartered?GTA Semiconductor is headquartered in Shanghai, China.
Is GTA Semiconductor publicly listed?No, GTA Semiconductor is a private, VC-backed company.
What is GTA Semiconductor's valuation?GTA Semiconductor was last valued at $4.1B in its undisclosed-stage round in August 2023.
How much funding has GTA Semiconductor raised?GTA Semiconductor has raised $3.2B across 3 funding rounds.
What was GTA Semiconductor's last funding round?GTA Semiconductor's last funding round was a $1.9B undisclosed-stage round in August 2023.
Who are GTA Semiconductor's investors?GTA Semiconductor's investors include Skyworth Investment, SAIC Capital, Pudong Venture Capital, Shang Qi Capital, Spinnotec, Hubei Xiaomi Changjiang Industrial Investment Fund Management, China Internet Investment Fund, Huada Semiconductor and Panorama Capital.
Which companies are comparable to GTA Semiconductor?Companies comparable to GTA Semiconductor include Lightmatter, SiFive, Sunrise, Machxin Technology, D-Wave Quantum and Core Scientific.
How many companies has GTA Semiconductor acquired?GTA Semiconductor has acquired 1 company, including ASMC.
What was the largest acquisition by GTA Semiconductor?The $299M acquisition of ASMC in October 2018 is the largest acquisition GTA Semiconductor has made to date.

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