GTA Semiconductor Valuation, Funding & Investors

GTA Semiconductor is valued at $6.3B as of August 2023.

Last GTA Semiconductor valuation

$6.3B

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

  • SAIC Venture Capital
  • Panorama Capital
  • Spinnotec
  • Huada Semiconductor

GTA Semiconductor Overview

About GTA Semiconductor

GTA Semiconductor is a China-based developer of semiconductor chips. The company conducts research and design for integrated circuits, producing power devices, power management ICs, and sensor chips applied in industrial control, automotive electronics, electricity distribution, and energy sectors.


Founded

2017

HQ

ChinaShanghai

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$6.3B (Aug 2023)

GTA Semiconductor Valuation

GTA Semiconductor is currently valued at $6.3B, based on its undisclosed-stage round in August 2023.

The $1.9B round included Spinnotec and Panorama Capital.

GTA Semiconductor valuation by funding round

GTA Semiconductor valuation by funding round
DateStageValuation
Aug 2023Undisclosed stage$6.3B

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 stageSpinnotec; Panorama Capital$1.9B$6.3BGTA Semiconductor, a Shanghai-based Chinese automotive chip manufacturer founded in 2020, completed a financing round of RMB 13.5 billion ($1.8 billion) in early September 2023, backed by state-owned VC firms including Spinnotec. This brought total funding to over $2.7 billion in less than two years, highlighting Beijing's support for domestic chip production amid efforts to reduce foreign dependence. The company focuses on automotive-grade semiconductors, power devices, and advanced chip manufacturing for China's EV and industrial supply chain. Sources report prior rounds including Series A ($500M in 2020), Series B ($1.2B in 2021), and Series C ($1.3B in 2022 at $6B valuation led by SAIC Venture Capital), totaling ~$3B, but the 2023 round details lack valuation or financial metrics like revenue or EBITDA. Domestic auto chip localization remains below 10%, positioning GTA as a key player for future investment.
Dec 2021Undisclosed stageSAIC Venture 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)$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?

4 investors have backed GTA Semiconductor across its funding rounds, including SAIC Venture Capital, Panorama Capital, Spinnotec and Huada Semiconductor.

Lead investors include SAIC Venture Capital and Huada Semiconductor.


GTA Semiconductor Investors

Investors in GTA Semiconductor by funding rounds participated
InvestorHQRoundsRoleFirst check
SAIC Venture CapitalUnited StatesLas Vegas, NV1LeadDec 2021
SpinnotecChinaShanghai1ParticipantAug 2023

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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 PsiQuantum, Lightmatter, SiFive and Sunrise.

Public and private companies comparable to GTA Semiconductor
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
PsiQuantumUnited StatesSan Francisco, CAPrivate--$7B-
LightmatterUnited StatesSan Francisco, CAPrivate$50M-$4.4B-
SiFiveUnited StatesSan Francisco, CAPrivate$116M-$3.6B-
SunriseChinaHangzhouPrivate--$3B-
D-Wave QuantumUnited StatesUnited StatesPublicly listed$25M($373M)$6.7B166.4x
Core ScientificUnited StatesUnited StatesPublicly listed$319M($211M)$5.5B13.9x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
eMemory Technology$121M$76M51.4x44.7x82.2x69.3x
Grinm Advanced Materials$1.4B$70M4.5x4.6x93.1x86.4x
Powertech Technology$2.4B$659M3.1x2.6x11.0x8.8x
Wuxi Taiji Industry$4.6B$243M1.3x-25.2x-
Win Semiconductors$522M$185M12.4x10.4x35.1x34.5x
SUMCO$2.6B$726M3.2x3.0x11.8x10.5x
Allegro Microsystems$890M$74M7.1x6.4x85.3x30.0x
Maxscend Microelectronics$556M$59M10.7x10.5x101.0x133.4x

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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 $6.3B 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 SAIC Venture Capital, Spinnotec, Huada Semiconductor and Panorama Capital.
Which companies are comparable to GTA Semiconductor?Companies comparable to GTA Semiconductor include PsiQuantum, Lightmatter, SiFive, Sunrise, 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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