Jiangsu Silicon Integrity Semiconductor Technology (JSSI) has secured 600 million yuan ($82 million) in a fresh funding round participated by local investment firm KQ Capital, which invests exclusively into the integrated circuit industry.
The Nanjing-based firm did not divulge the investment stage, which comes two years after the firm sealed its extended Series A round in October 2021 led by SL Capital, a semiconductor-focused private equity investment firm formed by Legend Capital and South Korean behemoth SK Group.
Local investment firm Panorama Capital, which was set up by Shanghai International Group Asset Management, Huayu Automotive Systems, and Shanghai Lingang Holding, also re-upped in the funding round, according to a recent company announcement.
Founded in September 2020, the Nanjing-based firm offers advanced integrated circuit packaging and testing services. Its Series A and extended Series A funding rounds, which were completed in August and October 2021, respectively, had raked in 1 billion yuan ($155.5 million) in capital.
Q2 was yet another record quarter for the country’s semiconductor industry, which saw almost $2.4 billion being injected into chip-making firms, the highest quarterly deal value since Q1 2022. Although the quarter saw the completion of 94 deals, which is the same as the previous quarter, the funding proceeds were 84% higher than the previous quarter, according to DealStreetAsia’s proprietary data.