May 9th, Beiyi Semiconductor(北一半导体) successfully completed its B+ round of financing. This round of financing was led by Wetogether Investment(吾同私募基金), with an initial investment of CNY 100 million, and an additional CNY 50 million is pending in the final installment, with an expected total financing amount of CNY 150 million.
Established in 2017, Beiyi Semiconductor, headquartered in Shenzhen, Guangdong Province, is a high-tech enterprise specializing in the research and development, production, sales, and service of new power semiconductor modules. The company's mission is to promote the localization of high-end IGBT and SiC modules, with technological innovation as the key driver of its development. Its products are widely used by industry-leading customers and are known for their reliability, safety, and efficiency.
Beiyi Semiconductor has attracted top talents from both domestic and international sources, with its core team possessing rich experience in power semiconductors, power electronics, and electrical control fields. The company has a complete power semiconductor industry chain covering various aspects besides chip manufacturing. Furthermore, Beiyi Semiconductor adheres to the management philosophy of "market-oriented, innovation-driven, key breakthroughs, continuous optimization," dedicated to providing high-quality and efficient domestic power module product solutions for the Chinese manufacturing industry, earning trust and recognition from its customers.
Beiyi Semiconductor has been committed to the research and breakthroughs of silicon carbide MOSFET technology. Silicon carbide, as a new type of semiconductor material, has advantages such as high-temperature stability, radiation resistance, and high conductivity, showing broad application prospects in fields such as new energy vehicles, aerospace, and smart grids. As an essential component of semiconductor devices, the performance of MOSFET directly affects the efficiency and reliability of electronic devices.
According to a report from the Forward Industry Research Institute, the domestic semiconductor materials market is estimated to be around USD 34.8 billion in 2023. Currently, listed companies in China producing semiconductor materials mainly include National Silicon Industry Group(沪硅产业), TZE(中环股份), Nata Optoelectronics(南大光电), and Guangdong Huate Gas(华特气体), covering both front-end wafer manufacturing materials and back-end packaging materials for semiconductor manufacturing.
The funds raised in this round of financing will be primarily used by Beiyi Semiconductor to further advance the development of SiC MOSFET technology and upgrade and expand its production line.
The move will increase research and development investment, accelerate technological innovation, and enhance the performance indicators and production efficiency of SiC MOSFETs. And through the upgrade and expansion of production lines, it will increase production scale to meet market demand and promote the industrialization process of SiC MOSFETs. These measures will not only help enhance Beiyi Semiconductor's core competitiveness but also inject new momentum into the entire semiconductor industry's development.