MeetFuture Completes Round-B Financing of Several Hundred Million Yuan
MeetFuture, a leading Chinese semiconductor equipment supplier focused on automated material handling systems (AMHS), announced on Monday that it has completed round-B financing worth several hundred million yuan. This round was led by Genertec Investment, followed by Haitong Innovative Securities Investment and Bojiang Capital. Qiming Venture Partners, the lead investor of the firm’s A round of financing, continued to increase its investment.
Founded in November 2014, MeetFuture is a supplier of semiconductor equipment and parts and is headquartered in Shanghai. It focuses on the the production, R&D and sale of AMHS, which is suitable for semiconductor fabrication plants. Its products include more than 10 AMHS hardware devices such as transfer equipment, wafer cassettes, mask package storage equipment, purification equipment and Material Control Systems (MCS).
As the first supplier of automatic transmission systems for the semiconductor industry in China, MeetFuture has provided AMHS products, including MCS, transmission and storage equipment, for many eight-inch and 12-inch wafer factories in China and abroad since 2016. It has provided purification equipment for advanced process nodes of 40/28 nm and below. Its main customers cover well-known wafer foundries in China and abroad.
Funds from this round will mainly be invested in R&D, production and overseas market expansion. Among them, a wholly-owned subsidiary of MeetFuture in Singapore has become operational in Q4 2021, and its first batch of products will be applied to local 12-inch fab customers this year.
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The core team of MeetFuture come from globally-leading integrated circuit fabs and semiconductor equipment companies. They have rich experience in the operation of semiconductor fabs and corresponding automated production systems. In 2022, the number of employees of the company increased rapidly to more than 140, with the R&D team accounting for 35% and the implementation team accounting for 30%.
