JTM Receives a New Large Round of Investments of Tens of Millions RMB (Several Millions of $) from China Fortune-Tech Capital

PublishTime： 2022-12-29 Article Source：JTM News

JT Microelectronics (Shenzhen) Co., Ltd. (hereinafter referred to as "JTM") - an innovative manufacturer of third-generation semiconductor Gallium Nitride power devices and power device driver chips - recently announced that it has secured an exclusive investment of tens of millions of RMB (several millions of $) from China Fortune-Tech Capital.

JTM is an international and innovative semiconductor company first financed by Shenzhen Angel Fund that was established in the Futian District (Shenzhen) in December 2020. JTM’s core technology comprises Gallium Nitride power devices and driver IC chips for power electronic applications, including power supplies, chargers, renewable energy, lidars, etc. Within less than a year of its establishment, JTM has won several awards, including the 2021 "Technology China" innovation and venture capital. In an effort to attract the best European talents and establish a strong international presence, JTM has also established a European R&D center in Switzerland (in the Swiss National Innovation Park in Biel) in March 2022. JTM brings together world-renowned power semiconductor experts. The core technical team members have an average of more than 15 years of industry experience. Currently, there are more than 20 invention patents and integrated circuit layouts being declared. The first batch of more than ten chips is currently in R&D and internal testing.

The investor team, China Semiconductor Industry Capital - China Fortune-Tech Capital, is composed of SMIC, a leading domestic IC company, and a senior investment team, with over 26 billion RMB under management. The investment team of China Fortune-Tech Capital said: "As the semiconductor industry has become a national strategic key industry, wide-bandgap semiconductor devices such as gallium nitride are an important technology to cut energy losses, reduce emissions, and achieve the ultimate goal of "carbon neutrality", China Fortune-Tech Capital has been looking for investment opportunities in this field. The founding team of JTM has many years of experience in both academic research and industrialization of gallium nitride power devices and power device driver chips.”

Mr. Liangyu Liu, the managing partner of YC-Capital, one of the early investors of JTM, said in an interview: "The founding team of JTM not only has a top-level educational background and senior industrial experience but also showed strong entrepreneurial skills with excellent ability in fast-learning and problem-solving. We are very happy to participate and contribute to the growth of this project. We are optimistic and look forward to JTM becoming a key leader in China and the world, leading to a green, efficient and sustainable society.”

After securing this round of financing, JTM will continue to expand its R&D team in Europe and China, increase R&D efforts, enrich the product line of driver chips and gallium nitride devices, and further optimize customer applications while enhancing the core competitiveness of the company. Dan Liu, CEO of JTM, said: "JTM is attracting and recruiting the world's top semiconductor talents. Our team members come from China, Switzerland, Germany, France, Italy, and Taiwan. JTM’s core strategy has always been to provide unique cutting-edge solutions through constant innovation. Thanks to our strong R&D team and the support of professional investors in the semiconductor industry and many upstream and downstream partners, we are in a great position to successfully face the growing power electronics market and become a key player in this field. Our ultimate goal is to give JTM contribute toward a green, low-carbon, intelligent and efficient world."

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