In the vast star map of the semiconductor industry, Aosong Electronics successfully completed a Series D financing of up to 700 million yuan in September 2024, which not only marks another brilliant chapter in the company's development history, but also profoundly demonstrates the high recognition and firm confidence of the capital market in the innovation strength and future development potential of Aosong Electronics in the field of sensors. This round of financing was led by Chongqing Industrial Investment Fund of Funds and Chongqing Heavy Industry Holdings, followed by well-known investment institutions such as Youbo Capital, which jointly injected strong capital momentum into the grand blueprint of Aosong Electronics.
1. Capital injection to accelerate the two-wheel drive of production capacity and technological innovation
With the injection of this huge amount of money, Aosong Electronics is accelerating the construction of its 8-inch MEMS (microelectromechanical system) specialty semiconductor IDM (integrated device manufacturer) industrial base. It is expected that the base will be officially put into operation in the first half of 2025, and this strategic move will undoubtedly greatly expand the company's manufacturing capacity and product line richness of core components of high-end sensors such as temperature and humidity, pressure, gas, flow, vacuum, and optoelectronics. These high-precision and high-reliability sensor products, as the core components of many cutting-edge fields such as the Internet of Things and intelligent manufacturing, play an indispensable role in the healthy development of strategic pillar industries and emerging industries such as new energy vehicles, rail transit, biomedicine, smart home appliances, intelligent robots, high-end equipment manufacturing, precision instruments and equipment, and smart grids, and are directly related to the safety and stability of the national industrial chain and supply chain.
Figure: Aosong Electronics D round of financing of 700 million to accelerate the development of domestic sensors
2. Innovation-driven, leading the upgrading of the domestic sensor industry
Behind the financing and capacity expansion of Aosong Electronics is its firm commitment to the continuous cultivation of the field of MEMS intelligent sensors and the independent innovation of core technologies. The company is committed to breaking the international technology monopoly, through independent research and development and technical cooperation, constantly overcoming key core technical problems, and accelerating the localization process of sensor technology. This strategic layout will not only provide strong support for the construction of a new domestic productivity industrial system, but also is expected to help Aosong Electronics stand out in the global sensor market, become a world-class sensor solution provider, and contribute an important force to the realization of the strategic goal of becoming a scientific and technological power.
3. the policy spring breeze, a new blueprint for the domestic chip industry
The rapid development of Aosong Electronics is a bright wave in the wave of independence of China's chip industry. In recent years, the Chinese government has attached great importance to the development of the semiconductor and sensor industries, and has successively issued a series of support policies such as the Action Plan for the Development of the Basic Electronic Components Industry (2021-2023) and the Three-Year Action Plan for the Construction of New Infrastructure for the Internet of Things (2021-2023), which have created a good development environment and policy dividends for the smart sensor industry. The implementation of these policies not only provides a broad space for the development of local enterprises such as Aosong Electronics, but also greatly stimulates the innovation vitality and market competitive advantage of the entire industry.
4. looking forward to the future, domestic sensors lead the global new fashion
With the successful landing of the D round of financing of Aosong Electronics and the imminent commissioning of the industrial base, China's independent innovation capability in the field of high-end sensors will usher in a qualitative leap. The company will strengthen the exchange and cooperation with international advanced technology with a more open attitude, and at the same time continue to deepen the internal R&D system, improve product performance and service quality, and meet the needs of the global market with more excellent products and solutions. It is foreseeable that in the near future, Aosong Electronics will join hands with colleagues in China's sensor industry to occupy a more pivotal position in the global sensor market, lead the new trend of industry development, and contribute Chinese wisdom and Chinese strength to global scientific and technological progress and industrial upgrading.
