HSG

HSG, formerly known as Sequoia Capital China, is a prominent venture capital and private equity firm with a global focus on technology, healthcare, and consumer sectors. Established in 2005, HSG operates offices in key international cities including Hong Kong, Shanghai, Beijing, Shenzhen, London, Tokyo, and Singapore, managing over $55 billion in assets for leading institutional investors. The firm has supported over 1,500 companies, fostering innovation and entrepreneurship through investments in transformative technologies and high-growth business models. HSG has a track record of success, with more than 160 portfolio companies having gone public and over 140 achieving unicorn status. It has developed a comprehensive investment platform that encompasses seed, venture, growth, buyout, and infrastructure investing, as well as public equities. HSG is dedicated to empowering entrepreneurs and companies to create enduring enterprises while delivering strong returns to its limited partners. Through its extensive resources and industry expertise, HSG provides significant advantages to the companies it partners with.

Wang Chenyu

Vice President

Sakshi Chopra

Managing Director

Amit Jain

Managing Director

Cherry Lu

Partner

Ishaan Mittal

Managing Director

Enita Pu

Partner

Harshjit Sethi

Managing Director

Tejeshwi Sharma

Managing Director

Pavel Vyhnalek

Operating Partner

Fu Xin

Partner

Past deals in Semiconductor

Naen Auto

Venture Round in 2024
Shanghai NAEN Auto Technology Co., Ltd. specializes in automotive electronics, focusing on the development and manufacturing of advanced products for automobile manufacturers. The company's offerings include a range of systems such as passive entry passive start (PEPS), electronic steering column locks (ESCL), smart air conditioning (AC), body control modules (BCM), heads-up display (HUD) systems, domain control units (DCU), capacitive sensors (CS), and kick sensors (KS). By providing these innovative solutions, NAEN Auto supports the production of intelligent vehicles, enhancing functionality and user experience in modern automobiles.

Black Jade Star Rock

Seed Round in 2024
Black Jade Star Rock develops organoid-based intelligent equipment and chips. It is a biomedical research and development company with organoid science as its fundamental technology.

Infinigence

Series A in 2023
Infinigence is dedicated to providing AGI computing power solutions based on its large model energy efficiency optimization tools, with the goal of resolving the challenge of efficient and unified deployment of large model algorithms to large computing power chips.

Yunmao Technology

Series B in 2023
Yunmao Technology is a manufacturing enterprise specializing in nano-equipment, specifically designed for the semiconductor and new energy sectors. The company offers advanced equipment and services for ultra-high vacuum coating, atomic layer deposition (ALD), physical vapor deposition (PVD), and ion beam etching (IBE). Their solutions cater to the production needs of chips, semiconductors, and lithium batteries, enabling clients to achieve high-quality nano thin film deposition. By focusing on nanotechnology, Yunmao Technology supports innovation and efficiency in various high-tech applications.

InCore Semiconductors

Seed Round in 2023
InCore Semiconductors specializes in the manufacturing of RISC-V processors and system-on-chip (SoC) intellectual property. The company focuses on creating highly optimized and adaptable processor designs tailored for various applications, including embedded systems and mobile devices. Their platform features modular and extensible RISC-V cores, along with advanced accelerators, allowing designers to customize processors for efficiency and performance. InCore also develops specialized cores aimed at sectors that require fault tolerance, security, and advancements in artificial intelligence and machine learning. Through these innovations, InCore Semiconductors seeks to contribute to the evolution of processor design in a rapidly changing technological landscape.

Chasing Light Technology

Angel Round in 2023
Chasing Light provides organic semiconductor technology designed for the photovoltaic industry. Their organic semiconductor materials and their optoelectronic devices have shown application potential in the semiconductor field due to many advantages such as low cost, easy performance adjustment, flexibility, thinness, and transparency.

Renxin Technology

Series A in 2023
Renxin Technology is an automotive chip design company. It provides competitive chip and system solutions for the industry and follows the evolution and development of automotive EE architecture.

Mindgrove

Seed Round in 2023
Mindgrove specializes in the design and manufacture of semiconductor chips, focusing on innovative Systems on Chips (SoCs) tailored for various applications. The company produces power-efficient chips suitable for automotive, consumer electronics, and defense sectors. These products are designed to perform effectively in power-constrained environments and support functionalities such as hardware encryption and digital signal processing. Mindgrove aims to meet the growing demand for advanced semiconductor solutions in diverse industries.

PhaBuilder

Series A in 2023
PhaBuilder is a platform-based & product-based company with advanced technology in synthetic biology, focusing on the transformation and engineering application of halophilic microbes. PhaBuilder was founded in February 2021 by Professor Guoqiang Chen, director of the Center for Synthesis and Systems Biology at Tsinghua University. It mainly uses the cutting-edge "Next Generation Industrial Biotechnology(NGIB)" to develop and produce a variety of high-value-added products such as PHA - a biodegradable material, ectoine - a pharmaceutical intermediate, and cadaverine - a Nylon 56 precursor. PhaBuilder currently has two PHA plants under construction - the synthetic biology intelligent development plant in Beijing China-Germany Industrial Park and the 10 kt/annum plant in Yichang, Hubei Province. It also plans to build up 3-5 large-scale production bases throughout China within five years. At present, PhaBuilder has completed two rounds of financing, raising around 300 million yuan in total. The investors include Sequoia Capital, China State-owned Enterprise Mixed Ownership Reform Fund, and GRC SinoGreen Fund, etc. In the future, PhaBuilder will constantly promote synthetic biotechnology to deeply integrate with people's lives and upgrade the intelligent biological manufacturing industry, in order to achieve PhaBuilder's core mission of "Using microbes to change the world and build a green future".

HAAWKING

Series A in 2022
HAAWKING is a developer and manufacturer of digital signal processors and microprocessors, specializing in applications for industrial control, motor drives, digital power supplies, photovoltaic systems, energy storage, and consumer electronics. Based in China, the company emphasizes research and development in its product offerings, which also include machine vision chips tailored for use in industrial robots and intelligent applications such as augmented reality and autonomous driving. HAAWKING aims to enhance computing efficiency and reduce costs for its clients across various sectors. Customers can reach out to the company through email and phone for inquiries and support.

Eaglechip

Angel Round in 2022
EagleChip is a chip design company that specializes in the development and design of Field Programmable Gate Arrays (FPGAs). It focuses on research and development, creating tailored electronic design automation (EDA) toolchains that cater to various industries. These industries include communications, data centers, industrial control, consumer electronics, smart vehicles, video processing, and medical electronics. EagleChip aims to provide high-quality FPGA chip solutions to meet the specific needs of its customers, ensuring a reliable domestic supply in the competitive semiconductor market.

Pingxin Technology

Series A in 2022
Pingxin Technology aims to transform and accelerate the advancement of AI computing by fully integrating data storage and computing into a combined chip architecture, cutting costs and improving efficiency.

SiEngine Technology

Series A in 2022
SiEngine Technology specializes in the development of electronic chips for the automotive industry. The company focuses on creating advanced automotive solutions, including smart cockpit System on a Chip (SoC) and control chips designed for autonomous driving. By integrating these technologies, SiEngine aims to enhance the driving experience, making it more intelligent and efficient for users.

Arctic Hero Core

Venture Round in 2022
Arctic Hero Core is focused to reducing the design cycle and NRE cost of large-scale, high-performance chips through chip technology, as well as quickly realizing iterative upgrades and product function additions, with the goal of providing customers with low-cost and high-flexibility solutions ranging from algorithms to server clusters.

EPiCMEMS

Series A in 2022
EPiCMEMS, a local chip company based in Xiamen, specializes in the development of RF front-end solutions, focusing on 4G+ and 5G RF filters and chips. The company aims to advance the domestic chip industry by producing high-speed, high-quality 5G chips tailored for mobile devices and the Internet of Things (IoT). With operational facilities in Xiamen and Zhangjiang, along with sales and customer support centers in Shenzhen, Xi'an, and Beijing, EPiCMEMS is committed to enhancing connectivity and stability for users across the mobile and IoT sectors.

Huayi Quantum

Angel Round in 2022
Huayi Quantum is a quantum computer and quantum cloud platform developer specializing in advanced algorithm research and application acceleration.The business creates modular, standardized, and scalable quantum computers based on ion-trap technology.

Wuxi Xinxiang

Series A in 2022
Wuxi Xinxiang is a semiconductor factory production automation CIM solution and services provider. They focus on intelligent automation production solutions and services in the field of wafer manufacturing, packaging and testing.

PhaBuilder

Venture Round in 2022
PhaBuilder is a platform-based & product-based company with advanced technology in synthetic biology, focusing on the transformation and engineering application of halophilic microbes. PhaBuilder was founded in February 2021 by Professor Guoqiang Chen, director of the Center for Synthesis and Systems Biology at Tsinghua University. It mainly uses the cutting-edge "Next Generation Industrial Biotechnology(NGIB)" to develop and produce a variety of high-value-added products such as PHA - a biodegradable material, ectoine - a pharmaceutical intermediate, and cadaverine - a Nylon 56 precursor. PhaBuilder currently has two PHA plants under construction - the synthetic biology intelligent development plant in Beijing China-Germany Industrial Park and the 10 kt/annum plant in Yichang, Hubei Province. It also plans to build up 3-5 large-scale production bases throughout China within five years. At present, PhaBuilder has completed two rounds of financing, raising around 300 million yuan in total. The investors include Sequoia Capital, China State-owned Enterprise Mixed Ownership Reform Fund, and GRC SinoGreen Fund, etc. In the future, PhaBuilder will constantly promote synthetic biotechnology to deeply integrate with people's lives and upgrade the intelligent biological manufacturing industry, in order to achieve PhaBuilder's core mission of "Using microbes to change the world and build a green future".

Micronano Core

Seed Round in 2022
Micro-nano core is committed to the development and production of the world's leading intelligent IoT AIoT SoC serialized chips, through the world's leading four core technologies: ultra-low-power chip architecture technology (to solve the problem of system standby power consumption), ultra-low power consumption Power consumption closed-loop adaptive near-threshold circuit technology (to solve the problem of chip running power consumption), ultra-low power consumption and high-precision sensor acquisition technology (to solve the problem of high precision and low power consumption of sensor signal acquisition) and high-efficiency embedded AI engine technology (solving the computing power and energy efficiency of embedded AI), creating a general/platform technology system for IoT chips and AIoT serialized chips, enabling IoT products, and significantly improving the low power consumption, low power consumption, and low power consumption of future IoT products High-precision detection and edge AI inference performance.

Yoguang Technology

Seed Round in 2021
Seetrum is an electronics manufacturing firm that provides advanced spectroscopy chips, AI algorithms, and smart perception solutions.

Q-CTRL

Series B in 2021
Q-CTRL is a pioneering company in the quantum technology sector, focused on addressing critical challenges related to hardware error and instability. By developing advanced quantum control infrastructure software, Q-CTRL supports research and development professionals as well as end users in quantum computing, facilitating the transition to practical quantum computers. The company's innovative "Software-defined" quantum sensors are tailored for applications in defence, intelligence, navigation, and earth observation. With a team of expert quantum-control engineers, Q-CTRL collaborates with leading universities, national laboratories, and industry partners worldwide. As a notable member of the IBM Quantum Startup network and various industry consortia, Q-CTRL is recognized for its contributions to the field and has received several prestigious awards, including those from the Modern Manufacturing Initiative and the Next Generation Technology Fund. The company has garnered attention in major publications and was ranked among the Top 10 Most Innovative Tech Companies in Australia, highlighting its role in shaping the future of quantum technology.

Hejian

Venture Round in 2021
Hejian Industrial Software is a high-performance industrial software and solution provider. With EDA (Electronic Design Automation) as the first breakthrough direction, it is committed to helping semiconductor chip companies solve the severe challenges they face in the process of innovation and development. Challenges and key issues.

Yunmao Technology

Series A in 2021
Yunmao Technology is a manufacturing enterprise specializing in nano-equipment, specifically designed for the semiconductor and new energy sectors. The company offers advanced equipment and services for ultra-high vacuum coating, atomic layer deposition (ALD), physical vapor deposition (PVD), and ion beam etching (IBE). Their solutions cater to the production needs of chips, semiconductors, and lithium batteries, enabling clients to achieve high-quality nano thin film deposition. By focusing on nanotechnology, Yunmao Technology supports innovation and efficiency in various high-tech applications.

X-Times

Series A in 2021
X-Times is a technology company that creates high-end digital chip design solutions. The company is focusing on independent research and development of the digital implementation EDA platform in accordance with the 3S concept (Smart, Speedy, Simple), including a new generation of layout and wiring technology while providing high-end digital chip design solutions, which can greatly improve chip design efficiency and help realize one-time rapid mass production of chips. It accompanies the rapid development and industrial take-off of many partners in the field of integrated circuits, such as artificial intelligence, smart cars, 5G, and cloud computing.

PhaBuilder

Angel Round in 2021
PhaBuilder is a platform-based & product-based company with advanced technology in synthetic biology, focusing on the transformation and engineering application of halophilic microbes. PhaBuilder was founded in February 2021 by Professor Guoqiang Chen, director of the Center for Synthesis and Systems Biology at Tsinghua University. It mainly uses the cutting-edge "Next Generation Industrial Biotechnology(NGIB)" to develop and produce a variety of high-value-added products such as PHA - a biodegradable material, ectoine - a pharmaceutical intermediate, and cadaverine - a Nylon 56 precursor. PhaBuilder currently has two PHA plants under construction - the synthetic biology intelligent development plant in Beijing China-Germany Industrial Park and the 10 kt/annum plant in Yichang, Hubei Province. It also plans to build up 3-5 large-scale production bases throughout China within five years. At present, PhaBuilder has completed two rounds of financing, raising around 300 million yuan in total. The investors include Sequoia Capital, China State-owned Enterprise Mixed Ownership Reform Fund, and GRC SinoGreen Fund, etc. In the future, PhaBuilder will constantly promote synthetic biotechnology to deeply integrate with people's lives and upgrade the intelligent biological manufacturing industry, in order to achieve PhaBuilder's core mission of "Using microbes to change the world and build a green future".

AkroStar

Series A in 2021
AkroStar is a technology company specializing in the research, development, and service of advanced semiconductor intellectual property (IP) and design IP cores. The company focuses on creating IP designs for various applications, including smart cars, data centers, high-performance computing, and artificial intelligence technology. By providing process customization, integrated design automation, system verification, and product integration, AkroStar enables users to enhance operational performance and improve efficiency in their chip design and system applications.

Wuxi Xinxiang

Series A in 2021
Wuxi Xinxiang is a semiconductor factory production automation CIM solution and services provider. They focus on intelligent automation production solutions and services in the field of wafer manufacturing, packaging and testing.

MetaX

Seed Round in 2021
Muxi is dedicated to providing full-stack GPU chips and heterogeneous computing solutions that can be widely used in cutting-edge fields such as artificial intelligence, smart cities, data centers, cloud computing, autonomous driving, digital twins, metaverse, and so on. It builds full-stack GPU chip products, launching MXN series GPUs (Xi Si) for AI reasoning, MXC series GPUs (Xi Yun) for AI training and general computing, and MXG series GPUs (Xi Cai) for graphics rendering, Meet the computing power requirements of data centers for "high energy efficiency" and "high versatility". Mu Xi's products all use independently developed GPU IP, have instruction sets and architectures with completely independent intellectual property rights, and are outfitted with a complete software stack (MACAMACA) compatible with mainstream GPU ecosystems. In September 2020, the company was founded in Shanghai, and it has wholly-owned subsidiaries and R&D centers in Beijing, Nanjing, Chengdu, Hangzhou, Shenzhen, and Wuhan.

Houmo.AI

Seed Round in 2021
Houmo.AI is a semiconductor company founded in 2020 by Dr. Wu Qiang, specializing in integrated circuit storage technology tailored for artificial intelligence and high-power computing applications. The company focuses on developing intelligent computing chips that cater to the growing demand for computing power in the AI sector. By leveraging innovative technologies, Houmo.AI aims to deliver chips that offer significant performance improvements while maintaining low power consumption and affordability. This approach enables enterprises to manufacture advanced intelligent robotics and other AI-integrated electronics, ultimately striving to meet the challenges of true artificial intelligence.

Muxi

Series A in 2020
Muxi IC is committed to R & D and production of GPU chips with independent intellectual property rights, serving data centers, cloud games, artificial intelligence and other fields.

SmartSens Technology

Series B in 2020
SmartSens Technology is a company based in Shanghai that specializes in the research, development, design, and sales of high-performance CMOS image sensor chips. The company provides advanced imaging solutions tailored for diverse applications such as surveillance, machine vision, automotive, and cellphone cameras. By focusing on product innovation, SmartSens aims to enhance growth across various industries with a comprehensive portfolio of image sensors.

Semidrive Technology

Series A in 2020
SemiDrive is a developer of advanced semiconductor products tailored for the automotive industry, focusing on applications such as autonomous driving and smart vehicle technologies. The company specializes in creating high-performance core processor chips and microprocessors designed for intelligent driving systems, including advanced driver-assistance systems (ADAS) and in-car entertainment. By adopting a fabless manufacturing model, SemiDrive emphasizes research and development to provide innovative solutions that address the challenges associated with smart driving chips. Its offerings include intelligent cabin systems and automatic controllers, positioning the company as a key player in the evolution of automotive technology.

BYD Semiconductor

Series A in 2020
BYD Semiconductor is an electronic components manufacturing company that specializes in the research and development of power semiconductors and integrated device manufacturing solutions. The company produces a range of products, including battery management chips, power field effect transistors, image sensors, touch control chips, protection diodes, and current sensors. BYD Semiconductor's offerings encompass semiconductor manufacturing and services that facilitate the sensing, processing, and control of optical, electrical, and magnetic signals. Its solutions cater to diverse industries such as automotive, energy, industrial, and consumer electronics.

ASR Microelectronics

Series D in 2020
ASR Microelectronics (Shanghai) Co., Ltd. specializes in the research, development, and manufacturing of semiconductors for mobile intelligent communication terminals and consumer electronics. Founded in 2015 and headquartered in Shanghai Zhangjiang Hi-Tech Park, the company produces a range of products including smartphones, modems, and integrated system-on-chip (SoC) solutions. ASR's offerings support various communication standards, including 2G, 3G, and 4G technologies, and encompass applications in the Internet of Things and navigation systems. The company has established a dedicated research and development team in both the United States and South Korea, focusing on platform development and technical support. In 2017, ASR expanded its capabilities through the acquisition of Marvell's Mobile Business Unit, enhancing its position in the market as a leading baseband provider in China. Major investors include several venture capital firms, highlighting ASR's strong financial backing and commitment to technological innovation in wireless communication chips.

Bouffalo Lab

Series B in 2020
Bouffalo Lab is a semiconductor chip design company that provides a full range of IoT solutions.

Lichuang Mall (Szlcsc)

Series A in 2019
Lichuang Mall is to provide a full range of services, including spot sales, quality assurance, and a one-stop procurement platform. The product catalog also lists universal boards, logic chips, connectors, amplifiers, filters, and microcontrollers. To satisfy customers' demands for authentic, spot, and one-stop service, the company has taken the initiative to build a strong spot delivery capability in the sector.

Asensing

Series A in 2019
As a high-precision positioning technology solutions provider focused on autonomous driving, Asensing Technology holds both the capabilities and experience to conduct independent R&D across the entire industry chain to promote and accelerate the advancement of the autonomous driving industry,and has successfully launched a range of high-precision positioning products that meet the strict reliability and quality requirements and availability standards of the automotive industry.

ThinkForce

Series A in 2017
ThinkForce is a Shanghai-based artificial intelligence chip maker. It focuses on building intelligent semiconductors with AI algorithms and AI hardware platform. ThinkForce is staffed by a strong technical team to ensure successful integration of technology and industrialization.

Wilocity

Series D in 2013
Wilocity Ltd. develops 60 GHz wireless chipsets for the notebook and peripheral markets. Its wireless solution provides gigabit wireless networking and point-to-point connectivity. The company's gigabit wireless semiconductor solution brings a desktop experience to mobile computers. Wilocity Ltd. was founded in 2007 and is based in Caesarea, Israel.

Wilocity

Series C in 2010
Wilocity Ltd. develops 60 GHz wireless chipsets for the notebook and peripheral markets. Its wireless solution provides gigabit wireless networking and point-to-point connectivity. The company's gigabit wireless semiconductor solution brings a desktop experience to mobile computers. Wilocity Ltd. was founded in 2007 and is based in Caesarea, Israel.

Xiamen Changelight

Venture Round in 2008
Xiamen Changelight Co., Ltd. is a Chinese company based in Xiamen, established in 2006, that specializes in the research, development, production, and sale of semiconductor materials. The company produces a range of products, including full-color ultra-bright LED epitaxial wafers and chips, high-performance gallium arsenide solar cells, and LED lighting products. Additionally, Xiamen Changelight offers energy-saving lighting application solutions. Its innovative approach is supported by independent intellectual property rights and a team experienced in industrialization, allowing the company to achieve a significant presence in various sectors such as digital technology and traffic signaling. The company’s products are distributed throughout China and Southeast Asia, reflecting its commitment to expanding its market reach.

Provigent

Series D in 2007
Provigent Inc. is a fabless semiconductor company based in Santa Clara, California, specializing in system-on-a-chip (SoC) solutions for the fixed wireless and cellular infrastructure markets. Founded in 2000, the company develops products such as the PVG610 and PVG610X SoCs, which facilitate broadband wireless transmission and support the transmission of orthogonally polarized signals at the same frequency. Additionally, Provigent offers the PVG310, which integrates baseband functionality for point-to-point wireless systems, alongside development kits like the PVG9610 and PVG350MDK to aid in the development of wireless solutions. The company's offerings are designed for applications including cellular backhaul networks, fixed wireless transmission, and private wireless networks, aiming to simplify operations and enhance internet connectivity.

Sansa Security

Series C in 2007
Sansa Security is a leading provider of embedded security solutions tailored for the Internet of Things (IoT) and mobile devices. The company offers a comprehensive security platform that encompasses all aspects of security, from silicon chipsets to cloud-based secret provisioning. Its products are designed to facilitate secure interactions among customers, suppliers, and technology partners through a configurable trust model. Sansa Security serves prominent semiconductor and device manufacturers, delivering solutions that protect sensitive information from threats such as malicious attacks and fraud. Its offerings include security co-processors, cryptographic accelerators, and software stacks that can operate on devices or through cloud services. By making security transparent to end-users, Sansa ensures robust protection across various sectors, including automotive, networking, and industrial markets.

Wilocity

Seed Round in 2007
Wilocity Ltd. develops 60 GHz wireless chipsets for the notebook and peripheral markets. Its wireless solution provides gigabit wireless networking and point-to-point connectivity. The company's gigabit wireless semiconductor solution brings a desktop experience to mobile computers. Wilocity Ltd. was founded in 2007 and is based in Caesarea, Israel.

Provigent

Series C in 2005
Provigent Inc. is a fabless semiconductor company based in Santa Clara, California, specializing in system-on-a-chip (SoC) solutions for the fixed wireless and cellular infrastructure markets. Founded in 2000, the company develops products such as the PVG610 and PVG610X SoCs, which facilitate broadband wireless transmission and support the transmission of orthogonally polarized signals at the same frequency. Additionally, Provigent offers the PVG310, which integrates baseband functionality for point-to-point wireless systems, alongside development kits like the PVG9610 and PVG350MDK to aid in the development of wireless solutions. The company's offerings are designed for applications including cellular backhaul networks, fixed wireless transmission, and private wireless networks, aiming to simplify operations and enhance internet connectivity.

Provigent

Series C in 2004
Provigent Inc. is a fabless semiconductor company based in Santa Clara, California, specializing in system-on-a-chip (SoC) solutions for the fixed wireless and cellular infrastructure markets. Founded in 2000, the company develops products such as the PVG610 and PVG610X SoCs, which facilitate broadband wireless transmission and support the transmission of orthogonally polarized signals at the same frequency. Additionally, Provigent offers the PVG310, which integrates baseband functionality for point-to-point wireless systems, alongside development kits like the PVG9610 and PVG350MDK to aid in the development of wireless solutions. The company's offerings are designed for applications including cellular backhaul networks, fixed wireless transmission, and private wireless networks, aiming to simplify operations and enhance internet connectivity.

Pentacom

Seed Round in 1999
Pentacom, Ltd. provides networking solutions and information technology services, and it specializes in networking components that connect optical networks to the Internet backbone. The company was founded in 1998 and is based in Herzliya, Israel.
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