【Member News】Major Financing | Garen Semiconductor Secures Hundreds of Millions of RMB in Series A Funding to Accelerate Ga₂O₃ Industrialization

      Recently, Hangzhou Garen Semiconductor Co., Ltd. (“Garen Semiconductor”) announced the completion of its Series A financing round, raising hundreds of millions of RMB. Shanghai F&G Investment Management and Shenzhen Capital Group jointly led the round, with Yuanzhi Spark, CRRC, Zhuzhou Geckor Group, Huarui Investment‌, Yuhang Financial Holdings, Chuanhua Capital, and Jadewater Capital participating. Existing shareholders JZ Capital and Yiling Capital also made oversubscribed follow-on investments. The financing brings together high-quality investors spanning leading market-oriented venture capital firms, downstream industry leaders, and local state-owned capital, reflecting strong confidence from both new and existing shareholders in the company’s long-term development.

      The new funding will primarily support the industrialization of gallium oxide (Ga₂O₃):

      Support downstream chip customers in completing device validation, while working with partners to establish the full value chain from substrates and epitaxy to semiconductor devices and end applications, accelerating the deployment of Ga₂O₃in end-use applications.

      Expand mass-production capacity for 6- and 8-inch substrates and epitaxial wafers, improving yield and delivery efficiency to meet growing customer demand.

      Garen Semiconductor sincerely thanks its new and existing shareholders for their trust and support. Together with partners across the industry, the company will accelerate the large-scale adoption of domestically developed Ga₂O₃ materials and embrace the broad opportunities emerging from the fourth-generation semiconductor industry.