Xinmao Micro completes tens of millions of C rounds of financing and enters Nubia's fast charging supply chain

Recently, Xinmao Microelectronics completed a series C financing of tens of millions of yuan, led by Guoxin Capital. According to reports, after the completion of the financing, Xinmao Micro will lay a solid foundation and prepare for the next impact of the IPO. While continuing to deepen the development of the product series, it will comprehensively promote the Xinmao Micro brand in various application fields.

Shenzhen Xinmao Microelectronics Co., Ltd. is an enterprise engaged in the design of high-performance analog and digital-analog hybrid integrated circuits and is committed to becoming a world-class analog and hybrid integrated circuit design company.

The company mainly focuses on the BCD process, targeting smart homes, smartphones, servers, 5G base stations, robots, power equipment, medical care, etc., and designing AC-DC power management chips according to customer needs, with power coverage up to 5000W.

Xinmao Microelectronics has a top core technical team in the domestic industry and has established long-term cooperative relationships with China University of Electronic Science and Technology and Southern University of Science and Technology.

Xinmao Microelectronics has performed well in the field of fast charging. Xinmao, general manager of Xinmao Microelectronics, said in an interview in 2020 in an exclusive interview with the electronic enthusiast network that Xinmao Microelectronics’ current 200V high-voltage synchronous rectifier chips have cumulatively shipped more than 30 million units this year. GaN driver chips with frequencies exceeding 500KHZ will be launched soon. He believes that domestic analog power chips will be promising in emerging applications such as fast charging. With solid technical strength, Xinmao Microelectronics is making efforts to become the preferred domestic alternative chip brand in the fast charging field.

This year, Xinmao Micro's high-performance synchronous rectification chip entered the Nubia fast charging supply chain. This charger uses Xinmao LP15R060SD for synchronous rectification. LP15R060SD integrates a synchronous rectifier controller supporting DCM and CCM and 60V withstand voltage. Synchronous rectifier with 12mΩ conduction resistance simplified peripheral components, and large-area copper-clad pins to assist the heat dissipation.

In addition, Xinmao Microelectronics also launched a new product LP8775 this year, which is a fast-charging chip with constant power characteristics, specifically for the fast charging market.

Power management chips are one of the largest types of chip products shipped in the world and have very good development prospects in the future. According to the data of the Prospective Industry Research Institute, the global output value of power chips in 2018 is 25 billion U.S. dollars, and the market size is expected to increase in 2026. Reached 56.5 billion U.S. dollars, with an average annual compound growth rate of 10.69%.

On the whole, the future market space of the power chip market is still considerable. The fast-charging field that Xinmao Micro focuses on is deeply loved by users and has a large room for growth in the future. However, the competition is also considerable. In the field of fast charging, there are Nanxin, Xidi Micro, Silicon Lijie, Xinmai, and Shengbang Micro. These companies are very powerful in the field of power chips.

Under a lot of competition, it is conceivable that Xinmao Micro may have certain difficulties in opening up the market. Although entering the Nubian fast charging supply chain this year, although it can bring certain performance income to the company, from Nubia mobile phones In terms of sales volume, it is already very low, probably ranked about 20, accounting for less than 1%. According to industry estimates, sales may be around 100 units. From this point of view, Nubia’s expected contribution to the company may not be much.

It is conceivable that Xinmao Micro will face many difficulties in its future development. If it wants to go public, it may have to make more efforts to consolidate the foundation, develop products, and expand the market.