Micro-needle Semiconductor completed tens of millions of yuan in Series A financing, with Wanchuang Investment Bank serving as the exclusive financial advisor.

Recently, Zhejiang Microneedle Semiconductor Technology Co., Ltd. (hereinafter referred to as "Microneedle Semiconductor") announced the completion of a Series A financing of tens of millions of yuan. This round was invested by Zheshang Venture Capital, and Wanchuang Capital acted as the exclusive financial advisor. The funds from this round will help the enterprise accelerate the upgrade of production lines and the expansion of production capacity, injecting new development momentum into the domestic semiconductor testing field.

In the global semiconductor industry chain, the testing segment has long faced the dilemma of being restricted by others in terms of core technologies and equipment. Especially in the MEMS probe card field, international giants dominate with their first-mover advantage, restricting the innovation process of the Chinese semiconductor industry.

Facing this challenge, as the first high-end MEMS probe card manufacturer in Zhejiang Province, Microneedle Semiconductor has transformed from a technology follower to a competitor in the field, thanks to its independently controllable micro-electromechanical microsystem technology and multi-layer thin-film wiring technology. Its innovative thin-film circuit technology based on RDL redistribution realizes high-precision patterning through semiconductor photolithography processes, enabling the miniaturization of circuits and probe architectures, which perfectly meets the strict requirements of advanced processes for testing density and signal speed.

The technological breakthroughs have been translated into excellent product performance. As the first enterprise in China to achieve mass production of MEMS WAT probe cards, Microneedle Semiconductor has not only successfully broken the foreign monopoly, but also reached the international first-class level in key product indicators, achieving a leap from "domestic substitution" to "domestic transcendence". The MEMS probe cards launched by the company have three core performance advantages:

In terms of performance, the leakage value reaches 0.1 pA/V, ten times higher than the industry standard;

In terms of efficiency, a higher number of simultaneous tests significantly improves the testing throughput;

In terms of adaptability, it can meet the diverse needs from AI computing chips to automotive power semiconductors.

The value of technology is more reflected in its cross - border application potential. While focusing on its main business, Microneedle Semiconductor actively expands the boundaries of technology. By cooperating with top medical institutions, it applies thin-film probe technology to the fields of neuroscience and brain-computer interfaces, demonstrating the great potential of core technologies in interdisciplinary fields. This "technology symbiosis" innovation model not only opens up the second growth curve for the enterprise, but also highlights the business concept of hard-tech enterprises to continuously create social value with core technologies.

Professional capital support is indispensable in the process of enterprises breaking through technological bottlenecks. As a professional service institution focusing on the hard-tech field, Wanchuang Capital demonstrated in this transaction a deep understanding of the semiconductor equipment field. We believe that semiconductor testing equipment, as a key link in the industry chain, will have a significant industrial linkage effect when there are technological breakthroughs.

Based on this understanding, when serving hard-tech enterprises, we always start from industrial laws, and help enterprises build capital strategies that conform to technological characteristics and development stages through in-depth industry research and value discovery. This professional and in-depth service concept is helping a group of "hidden champions" achieve a leap from technological leadership to market leadership.

In the wave of hard-tech investment, professional investment institutions not only provide financing support, but also strive to become long-term partners of technology innovation enterprises. In the journey of semiconductor localization, it not only requires continuous efforts from innovative enterprises, but also the long-term empowerment of professional capital. With the continuous accumulation of technological breakthroughs in niche fields, and with the coordinated efforts of the industry and capital, the complete ecosystem of the Chinese semiconductor industry is taking shape steadily.

This article is from the WeChat official account "Wanchuang Capital", author: Wanchuang Transaction. It is published by 36Kr with authorization.