What Piotech does

Piotech, Inc. (拓荆科技股份有限公司) is a Shenyang-headquartered, publicly listed (Shanghai STAR Market, ticker 688072.SH since April 2022) semiconductor capital equipment manufacturer founded in April 2010. The company designs, develops, produces, and services thin-film deposition equipment — specifically PECVD (Plasma-Enhanced Chemical Vapor Deposition), ALD (Atomic Layer Deposition, including PEALD and Thermal ALD), SACVD (Sub-Atmospheric CVD), and HDPCVD (High Density Plasma CVD) systems — used in integrated circuit fabrication at 28nm and above for logic and memory chips, OLED displays, and advanced packaging (TSV). Piotech developed China's first mass-produced 12-inch PEALD equipment (customer-accepted September 2018) and maintains a portfolio including the PF-300T/PF-200T PECVD series, NF-300H TEOS PECVD, PF-300T Astra and NF-300H Astra PEALD, PF-300T Altair Thermal ALD, PF-300T SAF/PF-200T SA SACVD, and TS-300S Hesper HDPCVD platforms.

The company operates a dedicated thin-film equipment industrial base in Shenyang Hunnan District (150 million yuan invested, 40,000 sqm construction area including 2,800 sqm of Class 10/100/1000 cleanrooms), with full annual capacity of 350 equipment sets and a first-phase capacity of 100 sets. Products are deployed across 60+ production lines in 20+ regions of China (including Beijing, Shanghai, Wuhan, Hefei, Tianjin, and Taiwan). Piotech sells via direct enterprise field sales teams with project-specific, configuration-based pricing; revenue comes primarily from equipment hardware sales and recurring technical services. The customer base consists of domestic Chinese semiconductor manufacturers, with SMIC identified as a key AI-linked customer.

Leadership and engineering talent are sourced from Applied Materials, Lam Research, Novellus Systems, Intel, Aixtron, and SMIC (including Chairman Lv Guangquan, ex-Novellus/Aixtron; Director Jiang Qian, ex-Intel/Novellus VP R&D; and Director Gerald Yin, ex-CTO of Applied Materials Asia). The company holds National Intellectual Property Demonstration Enterprise status (2022) and National May Day Labor Award recognition (2022), and in April 2025 co-founded the Liaoning Province Integrated Circuit Equipment and Components Innovation Center with the Shenyang municipal SASAC to verticalize upstream supply chain.

Name

Piotech

Legal name

Piotech, Inc.

Website

https://en.piotech.cn

Company type

Public

Founded year

2010

Operating status

Operating

Headcount range

101–250 employees

Short description

Piotech is a Chinese semiconductor capital equipment manufacturer (Shanghai STAR Market: 688072.SH) that designs, produces, and services thin-film deposition systems — PECVD, ALD, SACVD, and HDPCVD — for domestic IC manufacturers producing logic and memory chips at 28nm and above.

Ownership category

akta.pro rank

Product category

Semiconductor Capital Equipment / Thin Film Deposition Equipment

NAICS

Semiconductor Machinery Manufacturing (333242)

SIC

Semiconductors & Related Devices (3674)

akta.pro primary industry

Deposition Equipment (CVD/PVD/ALD/Epitaxy) (HDAHAEAB)

Keywords

• Semiconductor capital equipment
• Thin film deposition
• PECVD systems
• Atomic layer deposition
• Wafer fabrication equipment

Headquarters

HQ city

Shenyang

HQ country

China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D

Revenue model

1. Semiconductor Equipment Sales: Piotech generates revenue primarily from the sale of semiconductor thin film deposition equipment (PECVD, ALD, SACVD, HDPCVD systems) to semiconductor manufacturers. The company also provides technical services related to equipment installation, maintenance, and process optimization.
2. Technical Services: Technical services including equipment installation, commissioning, and ongoing support for semiconductor fab customers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Piotech researches, develops, manufactures, and sells semiconductor thin film deposition capital equipment — PECVD, PEALD/Thermal ALD, SACVD, and HDPCVD systems — used by integrated circuit manufacturers to deposit dielectric and metal films on 12-inch and 8-inch wafers at 28nm and above process nodes. The company also delivers installation, commissioning, process optimization, and ongoing technical services for its installed equipment base across Chinese fabs.

Product overview

Piotech, Inc. is a China-based semiconductor thin film deposition equipment manufacturer offering a portfolio of four product series: PECVD (Plasma-Enhanced Chemical Vapor Deposition), ALD (Atomic Layer Deposition, including PEALD and Thermal ALD), SACVD (Sub-Atmospheric Chemical Vapor Deposition), and HDPCVD (High Density Plasma CVD). The products span 12-inch and 8-inch wafer formats and are designed for semiconductor manufacturing processes at 28nm and above, covering applications in integrated circuit logic chips, memory chips, OLED displays, and advanced TSV packaging. The PECVD series (PF-300T/PF-200T and NF-300H TEOS) handles dielectric film deposition across common and advanced layers; the ALD series (PF-300T Astra, NF-300H Astra, PF-300T Altair) provides atomic-scale film control for high aspect ratio structures; the SACVD series (PF-300T SAF/PF-200T SA) addresses gap fill needs; and the HDPCVD series (TS-300S Hesper) supports channel media filler applications. The company also developed China's first mass-produced 12-inch PEALD equipment, which passed customer acceptance in September 2018.

Differentiator

Problem solved

Functional benefit

Products and services

• PF-300T / PF-200T PECVD Equipment

Quantifiable outcome

• First domestic mass-produced 12-inch ALD equipment achieving step coverage of 95% at aspect ratio
• +2 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• NAURA Technology Group: Largest domestic Chinese semiconductor equipment manufacturer, offering deposition, etch, and thermal equipment. NAURA is Piotech's closest large-scale domestic competitor for PECVD/ALD sockets at Chinese fabs.
• Tokyo Electron (TEL): One of the four largest global semiconductor capital equipment vendors, with a broad deposition and etch portfolio overlapping with Piotech's PECVD, SACVD, and ALD product lines.
• ASM International: Specialist in Atomic Layer Deposition (ALD) and epitaxy equipment for advanced semiconductor nodes. Piotech's PEALD and Thermal ALD product lines compete most directly with ASM International in the deposition segment.
• Advanced Micro-Fabrication Equipment (AMEC): Leading Chinese semiconductor equipment company focused primarily on plasma etch and increasingly CVD products. Competes with Piotech in selling to Chinese fabs pursuing domestic substitution, and represents an adjacent Chinese equipment peer expanding into deposition.
• Applied Materials: Global market leader in semiconductor deposition equipment (CVD/PVD/ALD) and adjacent process tools. Piotech directly competes with Applied Materials in PECVD, ALD, SACVD, and HDPCVD systems supplied to fabs, including in China where Piotech is gaining share.
• Lam Research: Major supplier of CVD, ALD, and PECVD deposition equipment to global semiconductor fabs. Piotech competes head-to-head with Lam Research in deposition tools, and several Piotech directors previously held senior engineering roles at Lam Research and its predecessor Novellus Systems.

Broad incumbents

• Hitachi High-Tech: Diversified Japanese semiconductor equipment manufacturer offering deposition, etch, inspection, and metrology systems. Competes broadly with Piotech's deposition portfolio, and Piotech's supervisory board chair previously held senior roles at Hitachi High-Technologies America.

Emerging players

• ACM Research: US-headquartered Chinese-origin semiconductor equipment supplier focused on single-wafer wet cleaning, with growing exposure to deposition and other process tools. Comparable as a Chinese-linked equipment vendor benefiting from domestic substitution policies.
• ACME Semiconductor Equipment: Shanghai-based semiconductor equipment manufacturer founded and chaired by Gerald Yin (who concurrently serves on Piotech's board). Comparable Chinese deposition/etch equipment peer with significant technical overlap and shared leadership lineage.
• Shenyang Fortune Precision Equipment (Kingsemi): China-based semiconductor equipment maker with operations in semiconductor thin-film and related process tools. Comparable as another domestic Chinese equipment vendor targeting thin-film deposition markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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 Piotech