Xinshinuo Semiconductor Acquisition, Valuation, Funding & Investors

Xinshinuo Semiconductor was acquired by China Fortune-Tech Capital for $238M in December 2022.

Xinshinuo Semiconductor acquisition price

$238M

Acquired by China Fortune-Tech Capital · Dec 2022

Cumulative funding Xinshinuo Semiconductor raised

$72M

across 2 funding rounds

Key investors in Xinshinuo Semiconductor

  • Gobi Partners
  • CICC Capital
  • Beijing E-town International Investment & Development
  • China Internet Investment Fund
  • CAS Investment Management
  • Xuhui Venture Capital
  • Industrial Bank China
  • Bank Of China

Xinshinuo Semiconductor Overview

About Xinshinuo Semiconductor

Xinshinuo Semiconductor is a domestic provider of semiconductor equipment and related technologies.


Founded

2022

HQ

ChinaChina

Website

nsynu.com

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Valuation

$756M (Dec 2025)

Xinshinuo Semiconductor Acquisition

Xinshinuo Semiconductor was acquired by China Fortune-Tech Capital for $238M on 5 December 2022.

Before the acquisition Xinshinuo Semiconductor had raised $72M across 2 funding rounds.

Siasun Robot & Automation agreed in December 2022 to sell a 65% stake in its wholly owned subsidiary Xinshinuo Semiconductor to 17 investors for CNY 1.073 billion. About 35% went to five limited partnerships managed by SMIC Juyuan, the investment arm launched by Semiconductor Manufacturing International Corporation, and the remaining 30% went to other state-backed and professional funds, including the Beijing Integrated Circuit Equipment Industry Investment and Acquisition Fund. The price implies a valuation of about CNY 1.65 billion for the whole company, and Siasun kept the remaining 35%. Siasun said the transaction brought in industrial strategic partners to help Xinshinuo win Chinese semiconductor customers, markets and capital as it localises automated material handling systems. Xinshinuo had been founded in October 2022 and held the Korean overhead hoist transport maker SYNUS Tech, which Siasun had bought in full in October 2022. The company supplies automated material handling systems to semiconductor, display panel and battery plants and is based in Suzhou. The Shenzhen Stock Exchange sent Siasun an inquiry letter about selling control so soon after the acquisition.

Xinshinuo Semiconductor acquisition details
AcquirerDateTypePrice
  • China Fortune-Tech Capital
5 Dec 2022PE buyout$238M

Sources: jiemian.com, finance.sina.cn

Xinshinuo Semiconductor Valuation

Xinshinuo Semiconductor is currently valued at $756M, based on its Series A in December 2025. Read the announcement ↗

The $72M round was led by CAS Investment Management and China Internet Investment Fund, with participation from Xuhui Venture Capital, Hongshi Capital, Industrial Bank China, ICBC China, Hefei City Construction and Investment Holding Group and 2 other investors.

Xinshinuo Semiconductor valuation by funding round

Xinshinuo Semiconductor valuation by funding round
DateStageValuation
Dec 2025Series A$756M

Xinshinuo Semiconductor Funding History

Xinshinuo Semiconductor has raised a total of $72M across 2 funding rounds.

Xinshinuo Semiconductor's first fundraising round was a Series A in July 2024. The most recent completed round was a $72M Series A in December 2025.

Xinshinuo Semiconductor funding rounds

Xinshinuo Semiconductor funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2025Series ACAS Investment Management (lead); China Internet Investment Fund (lead); Xuhui Venture Capital; Hongshi Capital; Industrial Bank China; ICBC China; Hefei City Construction and Investment Holding Group; Bank Of China; Guolian Capital$72M$756MXinshinuo Semiconductor completed an A+ financing round of more than CNY 500 million, announced around 15 December 2025. The round was co-led by CAS Investment Management (Guoke Investment) and the China Internet Investment Fund. Guolian Capital, Hefei City Construction and Investment Holding Group and Xuhui Venture Capital took part, alongside investment arms of Bank of China, Industrial and Commercial Bank of China and Industrial Bank, and existing shareholder Hongshi Capital followed on. The company said the proceeds would go to core technology research, market expansion and building an industry ecosystem, and a valuation of about USD 756 million has been reported for the round. Xinshinuo is based in Suzhou and was founded in October 2022 by Siasun Robot & Automation, SMIC Juyuan and Nuohua Capital. It supplies automated material handling systems for semiconductor fabs, display panel plants and battery factories, including overhead hoist transport vehicles. The company wholly owns the Korean AMHS maker SYNUS Tech, which was founded in 1977.
Jul 2024Series ABeijing E-town International Investment & Development; Gobi Partners; CICC Capital--Xinshinuo Semiconductor completed a Series A financing of several hundred million yuan in July 2024. The round was jointly invested by funds under CICC private equity, the Beijing Yizhuang state investment platform and Gobi Greater Bay Area, together with other institutions, and existing shareholders Suzhou High-tech Industrial Investment and Suzhou High-tech Financial Control followed on. The exact amount was not disclosed. The company said the proceeds would mainly fund development and volume production of its fifth-generation overhead hoist transport system. Xinshinuo is based in Suzhou and was founded in October 2022 by Siasun Robot & Automation, SMIC Juyuan and Nuohua Capital. It supplies automated material handling systems for semiconductor fabs, display panel plants and battery factories, and wholly owns the Korean AMHS maker SYNUS Tech.

Who has invested in Xinshinuo Semiconductor?

12 investors have backed Xinshinuo Semiconductor across its funding rounds, including Gobi Partners, CICC Capital, Beijing E-town International Investment & Development, China Internet Investment Fund, CAS Investment Management and Xuhui Venture Capital.

Lead investors include CAS Investment Management and China Internet Investment Fund.


Xinshinuo Semiconductor Investors

Investors in Xinshinuo Semiconductor by funding rounds participated
InvestorHQRoundsRoleFirst check
Beijing E-town International Investment & DevelopmentChinaBeijing1ParticipantJul 2024
Xuhui Venture CapitalChinaShanghai1ParticipantDec 2025
Hongshi CapitalChinaBeijing1ParticipantDec 2025
Gobi PartnersMalaysiaKuala Lumpur1ParticipantJul 2024
CAS Investment ManagementChinaBeijing1LeadDec 2025
CICC CapitalChinaBeijing1ParticipantJul 2024
China Internet Investment FundChinaBeijing1LeadDec 2025
Industrial Bank ChinaChinaFuzhou1ParticipantDec 2025
ICBC ChinaChinaBeijing1ParticipantDec 2025
Hefei City Construction and Investment Holding GroupChinaNingbo1ParticipantDec 2025

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Xinshinuo Semiconductor Competitors

Xinshinuo Semiconductor competitors include listed companies like CEVA, Skyworth Group, Hubei Tech Semiconductors and MTCN Technology, and private ones like Openchip and Efficient Computer.

Public and private companies comparable to Xinshinuo Semiconductor
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CEVAUnited StatesUnited StatesPublicly listed$110M($7M)$763M4.6x
Skyworth GroupChinaChinaPublicly listed$11B$365M$748M-
Hubei Tech SemiconductorsChinaChinaPublicly listed$54M$10M$766M-
MTCN TechnologyChinaChinaPublicly listed$64M$17M$743M-
OpenchipSpainBarcelonaPrivate--$791M-
Efficient ComputerUnited StatesPittsburgh, PAPrivate--$650M-

Xinshinuo Semiconductor Public Comps

Xinshinuo Semiconductor is no longer listed, but its public comps include CEVA, Skyworth Group, Hubei Tech Semiconductors, MTCN Technology, SENASIC Electronics Technology, Foxsemicon, PixArt Imaging, Crealights Technology Co, Alpha & Omega and X-FAB.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
CEVA$110M($7M)5.1x4.6x(83.9x)29.3x
Skyworth Group$11B$365M0.3x-9.4x-
Hubei Tech Semiconductors$54M$10M12.0x-64.2x-
MTCN Technology$64M$17M12.1x-44.7x-
SENASIC Electronics Technology$72M($48M)8.9x-(13.4x)-
Foxsemicon$633M$112M1.2x1.0x7.0x8.3x
PixArt Imaging$277M$71M1.8x1.7x6.9x6.4x
Crealights Technology Co$183M($8M)3.9x-(87.5x)-

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Common questions about Xinshinuo Semiconductor

When was Xinshinuo Semiconductor founded?Xinshinuo Semiconductor was founded in 2022.
Where is Xinshinuo Semiconductor headquartered?Xinshinuo Semiconductor is headquartered in China.
Is Xinshinuo Semiconductor publicly listed?No, Xinshinuo Semiconductor was acquired by China Fortune-Tech Capital in December 2022.
Who acquired Xinshinuo Semiconductor?Xinshinuo Semiconductor was acquired by China Fortune-Tech Capital in December 2022.
How much was Xinshinuo Semiconductor acquired for?Xinshinuo Semiconductor was acquired for $238M in December 2022.
What is Xinshinuo Semiconductor's valuation?Xinshinuo Semiconductor was last valued at $756M in its Series A in December 2025.
How much funding has Xinshinuo Semiconductor raised?Xinshinuo Semiconductor has raised $72M across 2 funding rounds.
What was Xinshinuo Semiconductor's last funding round?Xinshinuo Semiconductor's last funding round was a $72M Series A in December 2025, led by CAS Investment Management and China Internet Investment Fund.
Who are Xinshinuo Semiconductor's investors?Xinshinuo Semiconductor's investors include Beijing E-town International Investment & Development, Xuhui Venture Capital, Hongshi Capital, Gobi Partners, CAS Investment Management, CICC Capital, China Internet Investment Fund, Industrial Bank China, ICBC China, Hefei City Construction and Investment Holding Group and 2 others.
Which companies are comparable to Xinshinuo Semiconductor?Companies comparable to Xinshinuo Semiconductor include CEVA, Skyworth Group, Hubei Tech Semiconductors, MTCN Technology, Openchip and Efficient Computer.

See companies similar to Xinshinuo Semiconductor

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