From Yahoo Finance: 2025-05-14 06:04:00

SiCarrier, a Chinese chip equipment manufacturer linked to Huawei, aims to raise $2.8bn in its first funding round to expand its presence in the industry. The Shenzhen government plans to sell around 25% of a SiCarrier unit at an estimated valuation of $11bn. Proceeds will focus on research and development. State-owned enterprises and funds are interested in investing. The fundraising is expected to conclude soon.

SiCarrier, founded in 2021, aims to become China’s leading chipmaking equipment provider, surpassing competitors like Naura and AMEC. The company showcased 30 chipmaking machines at a trade show, with most equipment still in development. SiCarrier is investing in AI-based technology for wafer defect detection to enhance chip production yields. Concerns exist about potential risks to trade secrets, particularly involving Huawei.

Industry insiders suggest SiCarrier originated from a Huawei unit focused on semiconductor tools. Despite some Chinese foundries supporting SiCarrier products, concerns remain about trade secret risks. SiCarrier was added to the US export control list in late 2024 due to alleged Huawei links. SiCarrier did not comment on the fundraising plans, and neither did the Shenzhen government.



Read more at Yahoo Finance: SiCarrier targets $2.8bn in initial fundraising