2024-02-26
On February 6, 2024, Wuxi Core Technology Co., Ltd. (hereinafter referred to as "Core Tech" or "the Company") completed its Series A financing. The investment was led by Nuoyan Capital, followed by Waniu Capital and Shenzhen Intelligent Manufacturing Future Fund. The funds will be mainly used for product research and development, market expansion, and enhance the company's competitiveness in the field of semiconductor equipment.
Founded in May 2017, Core Tech has been deeply engaged in the field of high-precision motion control, providing core subcomponents and subsystems with micron and nanometer positioning accuracy. The company has always been application-oriented, listening to customer application needs, providing the highest precision motion control system customization solutions, and firmly believes that the success of customers is the success of the company.
Core Tech's products are widely used in various fields such as semiconductors, measurement and testing, laser processing, biomedicine, fiber optic communications, scientific research, and national defense. The main product categories include: linear motor mechanical platforms, screw-driven linear tables, mechanical direct-drive turntables, multi-axis turntables, lifting tables, air bearing linear tables and gantry systems .
The founding team members of the company are all from the world's top precision motion control platform suppliers and have rich experience in the industry. Since the establishment of the company, the founding team has insisted on independent innovation, customized development according to customer needs, and provided cost-effective core components and subsystems.
It is understood that precision motion control components are widely used and are the core components of many high-end equipment, with huge market space in the world. At present, my country's mid-to-high-end market is mainly occupied by international brands, especially in the field of high-end precision motion platforms, more than 95% of the market space is occupied by international brands represented by PI, Newport, and Aerotech. However, due to the long delivery cycle, poor customizability, and poor supply chain certainty of relevant international manufacturers, coupled with the increasingly severe international political and economic environment, the demand for domestic substitution is imminent.
At present, the localization process of high-end manufacturing equipment represented by semiconductor equipment is accelerating. my country has been the world's largest consumer market for high-end semiconductor equipment for many years. As the focus of consumption and manufacturing continues to shift to China, the upstream high-end components of these equipment will usher in development opportunities.
We believe that based on a deep understanding and accumulation of precision motion technology, Core Tech will continue to develop technology, optimize production, serve customers, accumulate advantages, expand the market, and contribute to the development of my country's high-end manufacturing equipment.
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