Company News

Pencil News Author | Hai Youmeng

On February 19, GETECH from Wuhan, Hubei, successfully completed a Series C financing of hundreds of millions of yuan, with investors including Optics Valley Industrial Investment, Optics Valley Financial Control, and Jiake Industrial Investment.

Previously, GETECH secured a Series A funding of over 100 million yuan from Yunfeng Fund in 2020, and a Series B funding of hundreds of millions of yuan from SAIC Group and its subsidiaries Hengxu Capital and Yuecai Fund in 2022.

This Series C funding will help accelerate the company's semiconductor localization process and further promote the digital and intelligent upgrade of industries such as semiconductors and new energy.

What kind of remarkable company is this?

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GETECH Technology Co., Ltd. (hereinafter referred to as "GETECH") was established in 2018.

GETECH focuses on intelligent manufacturing upgrades in the semiconductor industry, leveraging AI, industrial software, and smart equipment to provide end-to-end industrial intelligent solutions for a wide range of semiconductor customers, covering key areas such as manufacturing execution, equipment automation, quality management, energy and carbon management, logistics automation, and digital supply chain.

Its products are mainly divided into three categories:

1. Industrial intelligent solutions broadly cover production execution, equipment automation, quality management, and digital supply chain.

For example, the quality management solution can monitor product quality in real-time and issue warnings immediately if issues arise, effectively avoiding the production of large quantities of defective products, saving costs, and improving efficiency for enterprises.

2. Integrated smart equipment includes intelligent equipment, industrial control intelligence, and logistics automation products.

For instance, AOI visual inspection equipment, equipped with AI algorithms, significantly improves inspection efficiency. Previously, workers could inspect up to 1,000 products per day, but now the equipment can inspect over 5,000 products per day and accurately classify defects, greatly enhancing inspection accuracy.

Liquid crystal panel cleaning equipment, integrated with IoT technology, enables predictive fault warnings, reducing failures by about 30% and ensuring production continuity.

3. AI-driven core platforms include industrial AI platforms, industrial big model platforms, AI process optimization tools, and other software.

The company has independently developed dozens of industrial software, and these platforms and tools can perform deep analysis of production data and provide optimization suggestions.

For example, manual production planning used to take a day, but with AI process optimization software, it can be completed in a few hours while allowing for more rational resource allocation.

GETECH's users are mainly semiconductor manufacturing companies, 3C electronics companies, new energy companies, and other related enterprises in the semiconductor industry.

These companies face challenges such as low production efficiency, high equipment failure rates, unstable product quality, high energy consumption, and chaotic supply chain management. GETECH's products and services provide them with solutions.

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Before 2018, traditional semiconductor production processes were extremely complex and heavily reliant on manual operations, leading to low efficiency, with labor costs accounting for 30% - 40% of total costs.

At the same time, the defect rate remained high, reaching around 10% in some complex production processes.

He Jun, the founder and CEO of GETECH, has extensive experience in the communication and technology sectors, having served as Cisco's Chief Strategy Officer for Greater China. In 2014, TCL Group and Cisco jointly established KTI Cloud, where he became CEO. This experience gave him a deep understanding of business operations and technology integration.

In 2018, He Jun joined TCL Group as Vice President, concurrently serving as CEO of KTI Cloud and CEO of GETECH, marking the beginning of GETECH's entrepreneurial journey.

GETECH was strategically incubated by TCL Group. Its name, "GETECH," symbolizes using technological innovation to build a strong manufacturing nation.

In 2019, GETECH experienced rapid development. In May, it assisted 158 companies in Wuhan with their first intelligent manufacturing transformation. In June, it launched the industry's first industrial application intelligent platform, which has been deployed in lighthouse factories in Wuhan, Tianjin, and other locations.

Before the launch, the team spent over 1,000 days on R&D and testing to ensure the platform's data processing capability reached millions of data points per second, meeting customer needs in data collection, analysis, and more.

After partnering with Tencent Cloud, its technical service coverage expanded by 50%, significantly enhancing its market influence.

In 2022, GETECH was selected as a national cross-industry industrial internet platform enterprise by the Ministry of Industry and Information Technology, becoming the first company in Hubei Province to receive this honor.

On July 17, 2023, the company entered into a comprehensive strategic partnership with Feixunte, a Taiwan-based semiconductor automation service provider and global semiconductor EAP "hidden champion," further improving its industrial chain layout in the semiconductor field.

In 2023, its regional headquarters in Qingpu District, Yangtze River Delta, achieved a revenue growth rate of 178%, generating over 1 billion yuan in economic benefits for manufacturing enterprises in the region.

In August 2024, GETECH ranked 47th in the Industrial Internet Top 500 list.

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The semiconductor industry has long faced numerous challenges: complex production processes, extremely high requirements for equipment and technology, leading to high production costs, with equipment costs accounting for 40% - 50% of total costs; production efficiency is heavily influenced by human factors, making it difficult to achieve refined management, with production efficiency fluctuations reaching 15% - 20%; digital transformation also faces issues such as data security and system compatibility.

Today, with AI technology, intelligent optimization of production processes, predictive equipment maintenance, and chip design optimization can be achieved. In chip manufacturing, AI can improve production efficiency and yield rates; in chip design, AI can accelerate the design process and reduce costs.

Compared to competitors, GETECH's advantage lies in its deep manufacturing roots and its focus on technological innovation around the three pillars of "AI + industrial software + smart equipment." AI technology accounts for over 70% of its product applications, forming a unique competitive edge.

This content is for reference only and does not constitute any investment advice. This article also references content from the Qingpu District People's Government of Shanghai and other sources, with thanks.