Semitronix Corporation

Semitronix Corporation, listed on the ChiNext board of the Shenzhen Stock Exchange in 2022, is a prominent supplier of integrated circuit electronic design automation (EDA) software and wafer-level electrical testing equipment. The company specializes in enhancing chip yield and developing rapid electrical testing monitoring technologies. Semitronix is committed to continuous technological innovation, providing a range of products and services that include EDA software, test chip design services, electrical testing equipment, and data analysis tailored for integrated circuit manufacturing and design companies. The company's core business lines encompass comprehensive yield enhancement solutions that integrate hardware and software. Semitronix has developed a suite of tools, including SmtCell, TCMagic, and ATCompiler for test chip design, as well as WAT electrical testing equipment and the DATAEXP big data analysis system. With a strong emphasis on independent innovation, Semitronix holds numerous patents and copyrights, supported by a highly skilled R&D team. The company has established a first-mover advantage in the domestic market by being one of the few EDA firms offering collaborative yield enhancement services, positioning itself as a key partner for major integrated circuit manufacturing and design enterprises.

(1) Core Technologies and R&D Strengths Improving integrated circuit yield is a complex and systematic endeavor. Semitronix has independently developed a series of core technologies, including addressable test chip solutions, ultra-high-density test chip design and rapid chip testing technologies, fast electrical parameter testing solutions, and big data analysis methods for integrated circuits, using efficient electrical testing as a means. These innovations have established a high technical barrier, effectively filling a domestic gap in this technological field. Semitronix places great emphasis on independent innovation and mastering core technologies. As of December 31, 2024, it held 179 authorized patents, including 105 invention patents (12 of which are U.S. patents), and had obtained 160 software copyrights. Through years of effort, Semitronix has also built a well-structured, technically proficient, and highly capable R&D team. As of December 31, 2024, Semitronix employed 635 staff, including 522 R&D personnel, accounting for 82.20% of the total workforce. Most R&D personnel graduated from top-tier domestic universities, with 346 holding master's or doctoral degrees, representing 66.28% of the R&D team. Semitronix’s core technical staff have decades of experience in the semiconductor industry, enabling them to anticipate future technological trends and customer needs with forward-thinking insights and innovative capabilities. To maintain its core competitiveness and continuous innovation capabilities, Semitronix has sustained high levels of R&D investment. During the reporting period, R&D expenses amounted to RMB 276.5648 million, accounting for 50.57% of operating revenue, representing a year-on-year increase of 33.49%. (2) Full-Process Coverage Advantage in Yield Enhancement with Hardware-Software Integration After nearly two decades of development, Semitronix has achieved full-process coverage in the field of yield enhancement. This includes EDA and IP tools such as SmtCell, TCMagic, and ATCompiler for test chip design, WAT electrical testing equipment for test data acquisition, and the efficient and agile semiconductor big data analysis and management system DATAEXP. Semitronix is one of the very few EDA firms in the market to provide yield enhancement services through hardware-software collaborative solutions. In recent years, as semiconductor process technologies advance, the probability of defects during chip production has increased, especially in areas like automotive-grade chips where defect tolerance is extremely low. To address this, Semitronix has expanded its offerings to include Design for Manufacturability (DFM) EDA software and Design for Testability (DFT) EDA software, meeting the yield management needs of advanced processes and large-scale chips. Semitronix’s full-process yield enhancement solutions for integrated circuits have been progressively refined, with hardware and software products across different stages mutually reinforcing and driving adoption. Once a single product enters a customer’s supply chain, the barriers to entry for other company products are significantly reduced, ultimately enabling an ecosystem-driven development of integrated hardware and software solutions. (3) First-Mover Advantage in the Wave of Domestic Substitution Semitronix was an early pioneer in yield enhancement R&D and has established comprehensive product and service coverage. It is one of the very few EDA companies in the market to provide yield enhancement services through hardware-software collaboration, earning high recognition from downstream customers. For example, after a decade of R&D, Semitronix launched its fourth-generation WAT testers, capable of supporting both advanced and mature manufacturing processes. It was among the first domestic suppliers of WAT testers to enter mass production lines in wafer fabs, establishing a first-mover advantage over other domestic competitors. As the domestic integrated circuit industry continues to grow, Semitronix is well-positioned to seize opportunities in the wave of domestic substitution. As a leading provider of systematic yield enhancement solutions, it has the potential and capability to drive domestic substitution and achieve self-reliance in test chip design, test signal acquisition, and test data processing, growing alongside China’s integrated circuit manufacturing industry. (4) High-Quality Customer Base Through years of effort, Semitronix’s products and services have gained recognition from leading global manufacturers, resulting in a high-quality customer base that includes internationally renowned IDMs such as Samsung Electronics and SK Hynix, as well as leading domestic foundries and fabless companies. In the field of yield enhancement, Semitronix’s collaboration with customers involves production lines and processes, directly impacting their production efficiency and product quality. The cost of switching suppliers is high. Once integrated into a customer’s supply chain and after a period of collaboration, Semitronix can establish stable strategic partnerships with strong customer loyalty. Moreover, partnerships with industry leaders create a demonstrative effect, helping Semitronix further expand its customer base in the future. (5) Growing Brand Advantage As one of the earliest domestic companies focused on integrated circuit yield enhancement, Semitronix has accumulated years of technological expertise, experience, and customer resources. It has accurately identified and introduced core yield enhancement technologies, assisting numerous customers in process development, new product introduction, and yield improvement across various nodes. By adhering to a philosophy of continuous technological innovation and creating value for customers, Semitronix has built an excellent reputation and brand recognition in the industry. For example, since 2020, it has twice been awarded the title of "HLMC Excellent Supplier." In 2023, its DE-YMS system won the "Best Contribution Award" from Maxscend. In 2024, Semitronix was designated as a "Chain Leader Enterprise" in Zhejiang Province’s integrated circuit industry chain, its T4100S testing equipment was listed among "Zhejiang Manufacturing Excellence Products," and it received the "2024 Excellent Supplier Award" from Maxscend and the "R&D Pioneer Award" from GalaxyCore. As Semitronix expands its product portfolio, its customer base is gradually shifting from primarily wafer fabs to full coverage of the industry chain, including design houses, wafer fabs, and packaging and testing plants. This enhances Semitronix’s influence in the industry, allowing it to gain recognition from leading enterprises through high-quality products and services, further solidifying its brand image and laying a strong foundation for future product promotion.