Private Equity

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Phi Zoyi Capital

PHI ZOYI CAPITAL is an industry-focused private equity firm investing in high-growth value chains across AI & HPC, Semiconductors, Automotive, Smart Platforms,...

Phi Zoyi Capital logo

Phi Zoyi Capital

PHI ZOYI CAPITAL is an industry-focused private equity firm investing in high-growth value chains across AI & HPC, Semiconductors, Automotive, Smart Platforms, and Energy Management. It partners with leading enterprises to bridge Taiwan's technology depth with global demand, unlocking cross-border growth, strategic integration, and long-term value creation. Rooted in Taiwan and globally oriented, it serves as a gateway between Asia's technology ecosystem and international market demand across the U.S., Japan, Europe, and broader Asia.

General information

Firm type

Private Equity

Year founded

2019

Location

Region

North America

Country

Taiwan

City

Taipei City

Corporate office

9F.-G, No. 89, Songren Rd., Xinyi Dist., Taipei City 110413, Taiwan (R.O.C.)

Additional offices

Shanghai

Principals

Andy Wang

Founding Partner

Ming Li

Partner

Martiny Lin

Managing Director

Jack Lo

Executive Director

Sector focus

AI/MLSemiconductorsMobility & TransportationEnergy Transition & RenewablesEnterprise SoftwareIndustrial Tech

Frequently asked questions

How does Phi Zoyi Capital source proprietary deal flow?

The firm's sourcing edge comes from its partners' deep operational networks in Asian automotive and electronics supply chains. Andy Wang's chairmanship of ChaoLong Automotive Group provides direct connections to component buyers like Toyota and Honda. Other partners' tenures running large engineering teams and P&Ls at Delphi, Wistron, and major EMS providers give Phi Zoyi Capital visibility into companies that supply global OEMs.

What investment stages does Phi Zoyi Capital typically target?

The firm primarily takes positions in growth-stage companies. Its portfolio includes businesses that were pre-IPO at the time of investment, such as SigmaStar (IPO'd in 2024) and Ambiq (IPO'd in 2025). The firm also participates in private placements in publicly listed companies, as seen in its December 2023 investment in Chant Sincere.

Does Phi Zoyi Capital participate in fund commitments or only direct deals?

The firm's disclosed activity is exclusively direct equity investments in operating companies. Its website and portfolio list describe minority and growth-equity positions in businesses such as Gogoro, ILITEK, and AEye, without any mention of fund-of-fund commitments or LP positions in other private equity vehicles.

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