Maxio Technology seeks 2 billion RMB in new funding

🔑 Enhanced Key Takeaways

•The 2 billion RMB private placement, announced on April 10, 2026, is specifically aimed at developing a new generation of data storage controller chips for data centers and smart terminals, including enterprise-level PCIe Gen6 and Gen7 SSD controller chips and consumer-level PCIe Gen6 controllers.
•Maxio Technology has recently launched a full lineup of PCIe Gen5 SSD controllers (MAP1803 for enterprise, MAP1802 for high-end client, MAP1806 for midrange client) capable of sequential read speeds up to 14.8 GB/s and supporting capacities up to 64TB for enterprise models.
•The company held a 17% market share among independent SSD controller chip manufacturers in 2018, positioning it as a significant player behind Silicon Motion (58%) and ahead of Marvell (15%).
•Maxio Technology's revenue for the latest twelve months ending September 30, 2025, was 1.269 billion RMB, with its revenue for fiscal years ending December 2020 to 2024 averaging 739.2 million RMB.
•Maxio Technology's IPO on the Shanghai Stock Exchange occurred on November 28, 2024, under stock code 688449, with a market capitalization of approximately 17.59 billion CNY as of November 28, 2024.

🛠️ Technical Deep Dive

Maxio's PCIe Gen5 SSD controller family includes MAP1803 (enterprise), MAP1802 (high-end client), and MAP1806 (midrange client).
These controllers are NVMe 2.0-compliant and support 4K LDPC error correction.
MAP1803 (Enterprise-grade):
- Supports 3D NAND with up to 3200 MT/s data transfer rate.
- Features 16 channels and 8 CEs.
- Supports capacities up to 64 TB.
- Sequential read speeds up to 14 GB/s (14,000 MB/s) and write speeds up to 13.5 GB/s (13,500 MB/s).
- 3500K IOPS read, 450K IOPS write.
- Chip dimensions: 23x23mm.
MAP1802 (High-end client):
- Supports 3D NAND with up to 4800 MT/s interface.
- Features 4 channels and 8 CEs.
- Supports capacities up to 8 TB.
- Sequential read speeds up to 14.8 GB/s (14,800 MB/s) and write speeds up to 14.4 GB/s (14,400 MB/s).
- 3400K IOPS read, 3500K IOPS write.
- Chip dimensions: 9x13mm.
MAP1806 (Midrange client):
- Supports 3D NAND with up to 3600 MT/s transfer speed.
- Features 8 channels with 4 CEs.
- Supports capacities up to 16 TB.
- Sequential read speeds up to 14.5 GB/s (14,500 MB/s) and write speeds up to 14 GB/s (14,000 MB/s).
- 3500K IOPS read, 3500K IOPS write.
- Chip dimensions: 11x14.5mm.
Maxio also previously released SATA, PCIe Gen3, and Gen4 controllers.
The company inherited its SSD controller business from JMicron.
Earlier MAS090X series SSD controllers (demonstrated in 2018) supported various 3D NAND flash types and offered security features like firmware signature verification and high-speed data encryption/decryption.
MAS080X series, supporting 3D NAND flash, went into mass production in March 2016.

🔮 Future ImplicationsAI analysis grounded in cited sources

Maxio Technology is strategically positioning itself to capitalize on the growing demand for high-performance storage in AI infrastructure.

The new funding is explicitly for next-generation data storage controller chips targeting data centers and smart terminals, driven by AI computing power's demand for high-bandwidth, low-latency enterprise SSDs.

The company aims to become a leading global provider of advanced SSD controllers, potentially challenging established international players.

By aggressively investing in PCIe Gen6 and Gen7 development, Maxio is pushing the boundaries of current technology, building on its existing market share and technical capabilities in PCIe Gen5.

⏳ Timeline

2014-11

Maxio Technology (Hangzhou) Co., Ltd. was founded by Dr. Fang Xiaoling in Hangzhou, China.

2016-03

Maxio Technology's first SSD controller (MAS080X) supporting 3D NAND flash memory particles went into mass production.

2018-09

Maxio Technology demonstrated its MAS090X series SSD controllers at FMS 2018, supporting various 3D NAND flash types and offering security features.

2024-04-04

Maxio Technology rolled out a full lineup of PCIe Gen5 controllers (MAP1803, MAP1802, MAP1806) for SSDs.

2024-11-28

Maxio Technology (Hangzhou) Co., Ltd. had its IPO on the Shanghai Stock Exchange under stock code 688449.

2026-04-10

Maxio Technology announced plans for a private placement to raise up to 2.062 billion RMB for R&D of next-generation data storage controller chips, including PCIe Gen6 and Gen7.