Youyan Yijin New Materials Co.

What Youyan Yijin New Materials Co. does

Youyan Yijin New Materials Co., Ltd. (有研亿金新材料有限公司), branded as GRIKIN, is a Chinese specialty materials manufacturer focused on ultra-high purity metals, sputtering targets, and evaporation materials for the semiconductor and electronics industries. The company operates a vertically integrated platform spanning from purification of raw materials (6N copper, 5N cobalt, 5N gold) through fabrication of finished sputtering targets used in integrated circuit manufacturing, advanced packaging, memory chips, 5G RF filters, and smart sensors. It is one of the few enterprises in China to achieve stable industrialized batch production of 6N ultra-high purity copper and 5N cobalt, and was the second company globally to batch supply 12-inch nickel-platinum and 8-inch cobalt targets to leading-edge fabs. Named customers include SMIC, Yangtze Memory Technologies (Changjiang Storage), and TSMC.

The company traces its origins to the Rare and Precious Metal Research Institute of the Beijing General Research Institute of Mining and Metallurgy (established 1952), was incorporated as a high-tech enterprise on October 18, 2000, and has been a wholly-owned subsidiary of Shanghai Stock Exchange-listed GRINM Advanced Materials Co., Ltd. since 2014. It holds registered capital of 173 million yuan at the parent level and operates a 500 million yuan Shandong subsidiary (Grikin Advanced Materials (Shandong) Co., Ltd., established September 2021) to scale high-purity target manufacturing. The portfolio extends beyond semiconductor materials into precious and rare metal products (gold, silver, platinum group metals and their alloys/compounds) and a medical device line (memory alloy vascular stents, nonvascular stents, orthodontic and dental devices) that was spun off in 2016 as Grikin Medical Devices (Beijing) Co., Ltd.

Revenue is generated primarily through B2B enterprise sales of physical materials to integrated circuit manufacturers and electronics industry customers via quote-based pricing under multi-year contracts. Secondary revenue streams include precious metals trading through its Shanghai Gold Exchange comprehensive membership (held since June 2004), memory alloy medical devices sold internationally with CE marking, and information consulting/technical services for rare and precious metals. The company employs 750+ personnel and has accumulated 258 authorized patents, leadership or participation in 160 national/industry standards, and 100+ honors from national and provincial authorities, reflecting its state-backed position in China's strategic semiconductor materials supply chain.

Name

Youyan Yijin New Materials Co.

Legal name

Youyan Yijin New Materials Co., Ltd. (有研亿金新材料有限公司)

Website

https://grikin.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Advanced Semiconductor Materials

NAICS

Nonferrous Metal (except Aluminum) Smelting and Refining (33141)

SIC

Primary Smelting & Refining Of Nonferrous Metals (3330), Miscellaneous Chemical Products (2890)

akta.pro primary industry

Electronic & High-Purity Specialty Chemicals (IMAEABAD)

akta.pro secondary industry

Precious Metals Smelting & Refining (IMAKAEAE)

Keywords

• Sputtering target manufacturing
• Ultra-high purity metals
• Evaporation materials
• Precious metals processing
• Shape memory alloys

Headquarters

HQ city

Beijing

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Technology or R&D, Operations, Infrastructure, Marketing or Sales

Revenue model

1. High Purity Thin Film Materials R&D, Production and Sales: R&D, production and sales of high-purity薄膜材料 (thin film materials), precious metal functional materials and platinum group metal materials. The company is a globally renowned supplier of ultra-high purity sputtering targets for integrated circuits.
2. Precious and Rare Metal Materials and Products: Manufacturing and sales of various high purity metals, alloys and series of compounds products of Gold, Silver, Platinum, Palladium, Ruthenium, Rhodium, Osmium and Iridium, which are widely used in electronics, chemical, catalytic, pharmaceutical, aerospace and jewelry industries.
3. Medical Devices: Memory alloy medical applications including vascular stents, orthodontic devices, minimally invasive surgery devices and orthotics with 8 series of products and CE marking for nonvascular stent and orthodontic products.
4. Information Consulting and Technical Services: Provides rare and precious metal materials information consulting services, technical services and hedging services.
5. High Purity Metal Sputtering Target Manufacturing: Large-scale production, complete categories and first-class technical capabilities for high-purity metal sputtering targets.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Youyan Yijin New Materials Co. (GRIKIN) manufactures and sells ultra-high purity sputtering targets and evaporation materials for the integrated circuit industry, along with high-purity metal raw materials (6N copper, 5N cobalt, 5N gold), precious and rare metal products (platinum group metals, memory alloys), and memory alloy medical devices (vascular stents, orthodontic devices). The company serves global semiconductor manufacturers, electronics, chemical, aerospace, and medical device industries through a vertically integrated platform spanning ultra-purity raw material refining to finished target manufacturing.

Product overview

GRIKIN Advanced Materials Co., Ltd is a high-purity metal advanced materials manufacturer and global supplier of integrated circuit sputtering targets. The company operates as a vertically integrated platform for research, development and production from ultra-pure raw materials to sputtering targets and evaporation film materials. Its product portfolio includes: (1) Sputtering Target and Evaporation Materials - featuring targets for IC fabricating, advanced packaging, anode products, and evaporation materials made from high-purity Copper, Titanium, Cobalt, Aluminum, Nickel, Gold, Silver, Platinum, Ruthenium and their alloys; (2) High Purity Metal Materials - including 6N high purity copper, 5N high purity cobalt, 5N high purity gold, and in-development materials like high purity titanium, silver, platinum and ruthenium; (3) Precious Metal and Rare Metal Products - covering precious metals (Gold, Silver, Platinum, Palladium, Ruthenium, Rhodium, Osmium, Iridium) and rare metals (shape memory alloys, titanium alloys, Zirconium, Hafnium, Tungsten, Molybdenum); (4) Medical Devices - including shape memory alloy vascular stents, nonvascular stents, orthodontic devices, precious dental alloys, and orthopedic medical devices. The company was established in 2000 and is a wholly-owned subsidiary of GRINM Advanced Materials Co., Ltd.

Differentiator

Problem solved

Functional benefit

Products and services

• Sputtering Target and Evaporation Material (溅射靶材及蒸发材料) High-purity metal sputtering targets and evaporation materials for integrated circuit chip manufacturing, advanced packaging, anode products, and thin film deposition processes. Products include high-purity Copper, Titanium, Cobalt, Aluminum, Nickel, Gold, Silver, Platinum, Ruthenium and their alloys. Sold to global semiconductor manufacturers including SMIC, Changjiang Storage, and TSMC.
• High Purity Metal Material (高纯金属材料) Ultra-high purity metal raw materials including 6N high purity copper (99.9999%, max 7N), 5N high purity cobalt (99.999%, 40+ impurity elements analyzed), and 5N high purity gold. Used as raw materials for sputtering target manufacturing in the electronics information industry. Annual capacity exceeds 100 tons for 6N copper and 5 tons for high-purity cobalt.
• Precious Metal and Rare Metal Products (贵金属及稀有金属制品) Various high purity metals, alloys, and series of compound products of Gold, Silver, Platinum, Palladium, Ruthenium, Rhodium, Osmium, and Iridium (precious metals); and shape memory alloys, titanium alloys, and refractory metals such as Zirconium, Hafnium, Tungsten, and Molybdenum (rare metals). Widely used in electronics, chemical, catalytic, pharmaceutical, aerospace, and jewelry industries.
• Medical Devices (医疗设备) Shape memory alloy medical devices including vascular stent, esophagus stent, biliary stent, prostate urethra stent, funnel chest orthotic device, Ni-Ti device for orthodontics, and precious alloy for dental rehabilitation. Eight series of products across four categories (orthodontics, mouth rehabilitation, minimal invasive surgery, orthotics) with CE marking for nonvascular stent and orthodontic products.
• Precious Metals Information Consulting and Technical Services Rare and precious metal materials information consulting services, technical services, and hedging services for industrial customers in the precious metals supply chain.

Quantifiable outcome

• 2020 Platinum group metal business sales exceeded 10 billion yuan
• +4 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and moderate.

• GRINM Advanced Materials Co., Ltd. (有研新材料股份有限公司)coreOthersParent company and controlling shareholder. The company became a wholly-owned subsidiary of GRINM Advanced Materials Co., Ltd. in 2014 with registered capital of 173 million yuan.
• National Integrated Circuit Packaging and Testing Industry Technology Innovation Strategic Alliance (国家集成电路封测产业链技术创新战略联盟)coreStrategic or Co-development PartnerStrategic alliance member contributing to the integrated circuit packaging and testing industry technology innovation chain in China.
• Zhongguancun Integrated Circuit Industry Alliance (中关村集成电路产业联盟)moderateStrategic or Co-development PartnerIndustry alliance member supporting the development of integrated circuit industry in the Zhongguancun demonstration zone.
• China Semiconductor Industry Association Semiconductor Support Industry Branch (中国半导体行业协会半导体支撑业分会)coreStrategic or Co-development PartnerActive member of the semiconductor support industry branch under China Semiconductor Industry Association.
• Shanghai Gold Exchange (上海黄金交易所)coreOthersComprehensive member of Shanghai Gold Exchange. Company became a member on June 1, 2004 for precious metals trading and hedging services.
• National Precious Metal Academic Committee (国家贵金属学术委员会)coreStrategic or Co-development PartnerVice chairman unit of the National Precious Metal Academic Committee.
• China Nonferrous Metals Industry Association Platinum Group Metal Branch (中国有色金属工业协会铂族金属分会)moderateStrategic or Co-development PartnerDirector unit of the platinum group metal branch under China Nonferrous Metals Industry Association.
• China Materials Recycling Association Precious Metal Industry Committee (中国物资再生协会贵金属产业委员会)moderateStrategic or Co-development PartnerVice chairman unit of the precious metal industry committee under China Materials Recycling Association.
• Beijing General Research Institute of Mining and Metallurgy (北京有色金属研究总院)coreOthersThe predecessor of GRIKIN was the Rare and Precious Metal Research Institute of Beijing General Research Institute of Mining and Metallurgy, which was restructured into a high-tech company in 2000.

Scale indicators10 records

Recent moves10 records

Expansion highlights5 records

Emerging players

• ULVAC: ULVAC is a leading Japanese vacuum and thin-film equipment maker that also supplies evaporation and sputtering materials. Comparable overlap with GRIKIN's evaporation material business and broader thin-film equipment ecosystem.
• Kojundo Chemical Laboratory: Kojundo Chemical is a Japanese specialty materials maker producing high-purity sputtering targets, evaporation materials, and compound semiconductors. Comparable in specialty high-purity materials and a niche competitor in research-grade and small-batch targets.

Direct peers

• JX Nippon Mining & Metals: JX Nippon is the world's largest sputtering target manufacturer serving global logic and memory fabs with copper, cobalt, tantalum and aluminum targets. Directly competes with GRIKIN for IC materials business and represents the global benchmark against which GRIKIN's domestic 6N/7N copper is positioned.
• Materion Corporation: Materion is a US-listed specialty metals producer offering high-purity sputtering targets, alloys, and precious metal products for semiconductor and industrial customers. Its broad product portfolio and US fab footprint make it a directly comparable specialty materials peer.
• TANAKA Precious Metals: Tanaka is a major Japanese precious metals refiner and supplier of high-purity gold, silver, and platinum group metal products for electronics and catalysis. Comparable to GRIKIN's precious metals and 5N gold product lines.
• Plansee SE: Plansee is a global leader in refractory metals (tungsten, molybdenum, tantalum) used as sputtering and evaporation materials for semiconductor manufacturing. Comparable to GRIKIN's refractory metal products and evaporation materials portfolio.
• Mitsui Mining & Smelting (Mitsui Kinzoku): Mitsui Kinzoku produces sputtering targets and high-purity metals (including its flagship CopprFlex copper targets) for global semiconductor customers. A leading direct competitor to GRIKIN in copper and alloy targets for logic and memory fabs.
• Umicore (Precious Metals & Thin Film Products): Umicore's Thin Film Products division manufactures precious metal and indium-based sputtering targets for semiconductor and photovoltaic applications. Direct competitor in precious metal targets, particularly given GRIKIN's gold, silver, and PGM offerings.

Broad incumbents

• Honeywell Electronic Materials: Honeywell Performance Materials supplies sputtering targets and electronic chemicals as part of a broader industrial chemicals portfolio. Overlaps with GRIKIN in IC materials but operates across diverse end markets beyond just sputtering.
• Oerlikon Balzers / Oerlikon AM: Oerlikon's surface solutions business produces sputtering targets and coatings for industrial and semiconductor applications. Adjacent incumbent offering target materials as part of a broader surface engineering portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Youyan Yijin New Materials Co.