【Member News】Major Breakthrough! GAREN Semiconductor Awarded “Quasi-Unicorn Enterprise” Title

      On April 23, 2026, the 10th “All Things Growth Conference,” jointly hosted by the Zhejiang Provincial Committee of the China National Democratic Construction Association, the Zhejiang Chamber of Commerce, and the China Investment Development Promotion Association, was grandly held at the Hangzhou International Expo Center.

      At the conference, the Hangzhou Venture Capital Association, together with WeLink and Bank of Hangzhou, officially released the 2026 Hangzhou Unicorn and Quasi-Unicorn Enterprise List. Hangzhou GAREN Semiconductor Co., Ltd. (hereinafter referred to as “GAREN Semiconductor”) was successfully recognized as a quasi-unicorn enterprise, driven by its strong technological capabilities, comprehensive industrialization layout, and robust growth momentum.

Figure 1. GAREN Semiconductor Recognized as a Quasi-Unicorn Enterprise

      As a globally leading supplier of gallium oxide materials, GAREN Semiconductor focuses on the R&D and large-scale production of ultra-wide bandgap gallium oxide single-crystal substrates, homoepitaxial wafers, and dedicated crystal growth equipment. In 2025, the company globally launched the first 8-inch gallium oxide single-crystal substrate, followed by the world’s first 8-inch gallium oxide homoepitaxial wafer in 2026. These products are supported by its self-developed dedicated gallium oxide crystal growth equipment, ensuring full in-house control over all core processes. Leveraging its mature manufacturing processes, the company’s products have achieved advanced industry standards in performance and reliability. With standardized and highly reliable products, GAREN Semiconductor continues to serve the global market and consolidate its leading position in the industry.

Figure 2. GAREN Semiconductor unveils the world’s first 8-inch homoepitaxial Gallium Oxide wafer

      Leveraging its deep expertise and long-term technological accumulation in compound semiconductors, the company was also invited to participate in the 30th Anniversary Exhibition of China’s New-Quality Semiconductor Innovation and Development. As the only representative enterprise in the fourth-generation semiconductor Gallium Oxide field, GAREN Semiconductor was selected for inclusion in the first large-scale documentary on compound semiconductors, New Power of Chips.

      As a leading representative in the Gallium Oxide sector, the company showcased a comprehensive portfolio of core achievements, including large-diameter Gallium Oxide substrates, epitaxial products, and self-developed specialized equipment. These exhibits highlighted its cutting-edge technology roadmap and advanced manufacturing capabilities, while demonstrating active engagement in industry exchange and ecosystem development, contributing to the high-quality growth of China’s compound semiconductor industry.

Figure 3. GAREN Semiconductor products showcased at the “30th Anniversary Exhibition of China’s New-Quality Semiconductor Innovation and Development”

      Being selected as a quasi-unicorn enterprise reflects strong recognition from authoritative institutions, the capital market, and the industry of GAREN Semiconductor’s technology roadmap, manufacturing capabilities, and growth potential.

      Looking ahead, GAREN Semiconductor will continue to focus on its core Gallium Oxide business, steadily expand production capacity, and accelerate device validation and mass production line integration for 6-inch and 8-inch epitaxial wafers. The company aims to further strengthen its leading position in the global Gallium Oxide supply chain, empower the upgrading of advanced manufacturing, and contribute to the independent and high-quality development of China’s fourth-generation semiconductor industry.

About GAREN SEMI

      Hangzhou Garen Semiconductor Co., Ltd. is a world-leading provider of Gallium Oxide materials and equipment solutions, focusing on R&D and industrialization in the ultra-wide bandgap semiconductor field. The company’s core products include 2–8-inch Gallium Oxide single crystals and substrates (with 8-inch being the world’s first), Gallium Oxide Vertical Bridgman (VB) crystal growth equipment, Gallium Oxide epitaxial wafers, etc. It is committed to building a full-chain product system of “equipment–crystal–substrate–epitaxy” to provide systematic solutions for global customers. The company’s achievements in Gallium Oxide have been specially reported by well-known media including People’s Daily, Xinhua News Agency, Science and Technology Daily, Sina Finance, China Blue News, and The Paper.

Enterprise Honors Summary

      Recognized as a National-level Science and Technology Small and Medium-sized Enterprise and Zhejiang Innovative Small and Medium-sized Enterprise in 2023;Awarded Zhejiang Specialized, Sophisticated, Unique and New Small and Medium-sized Enterprise in 2024;Approved as a High-tech Enterprise in 2025;Won the SEMI Outstanding Contribution Award for Sustainable Development at SEMICON CHINA 2025, the Together Progress Award at the Jufeng Summit Forum (JFSC) and Compound Semiconductor Industry Expo, the Innovation Vitality Award of Zhejiang Semiconductor Industry, the Second Prize in the Enterprise Group of the 10th “Maker China” Zhejiang Provincial Finals, the Top 500 Enterprise Group of the 10th “Maker China” SME Innovation and Entrepreneurship Competition, and the 2024–2025 Semiconductor Material Industry Contribution Award;The major breakthrough in the preparation of 8-inch Gallium Oxide single crystals and substrates was selected as one of the “Top 10 Advances in China’s Third-Generation Semiconductor Technology 2025” and “Major Scientific and Technological Achievements 2025” by the Department of Science and Technology of Zhejiang Province;Led the formulation of 2 group standard drafts, participated in drafting 1 national standard, and participated in promoting 1 group standard draft in the Gallium Oxide field;Supported by the “5213” Excellence Program of Xiaoshan District, Hangzhou, Zhejiang Province, and approved to establish Zhejiang Enterprise Research Institute;Obtained the quality management system certification;Granted 14 authorized invention patents at home and abroad (including patents in the US, Japan and other countries), with more than 50 patents pending.

For more information about Garen Semiconductor and its products, please visit our official website: http://garen.cc/

Or contact us via the following ways:

Mr. Jiang: 15918719807

E-mail: jiangjiwei@garen.cc

Mr. Xia: 19011278792

E-mail: xianing@garen.cc