CAS Star has led a $14.1m round for the semiconductor production equipment maker that will fund hiring and product development.
China-based semiconductor technology developer Leuven Instruments has secured RMB100m ($14.1m) in a series B round led by CAS Star on behalf of Chinese Academy of Sciences, China Money Network reported on Wednesday.
Furniture retailer Red Star Macalline, investment manager C.Domain Capital, investment firm Xianghui Capital and Zhongji Investment, a joint investment group that focuses on China’s Hebei province, also took part.
Leuven provides equipment that facilitates the production of memory and sensor products, including metal-etchers, anti-contaminating systems for metal, and a porosimeter which can analyse an object for levels of porosity.
The company was founded in 2015 as a joint venture between the Chinese Academy of Sciences’ Institute of Microelectronics and an entity known as Belgian Leuven Instruments which is likely connected to university KU Leuven.
The series B financing has been allocated to increasing headcount, further development of Leuven’s equipment and the expansion of its…
