On June 29, 2021, BYD Semiconductor Co., Ltd.'s plan to list on the GEM was accepted. The number of shares issued this time will not exceed 50 million shares, accounting for no less than 10% of the total share capital after the issuance. The planned amount of funds raised is 2.7 billion yuan, which will be mainly used for the research and development and industrialization projects of power semiconductors and other products.  
According to the prospectus, BYD Semiconductor achieved operating income of 1.4 billion yuan in 2020. If the impact of share-based payment expenses is not considered, the net profit attributable to shareholders of the parent company in 2020 and the net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses were 130 million yuan and 100 million yuan respectively.

Forward-looking layout, domestic leader in automotive-grade semiconductors  
In the context of the global supply shortage of automotive-grade semiconductors, accelerating the localization of automotive-grade semiconductors has important strategic significance and economic benefits. Adhering to the core concept of technology serving strategy, BYD Semiconductor's management makes forward-looking predictions of technology development trends, so that the development of the company's various businesses can meet market demand and the national strategic development direction, bringing first-mover advantages to the rapid development of the semiconductor business.  
Since its establishment, BYD Semiconductor has focused on automotive-grade semiconductors and simultaneously promoted the development of semiconductor business in the fields of industry, home appliances, new energy, consumer electronics and other fields. After years of development, in the automotive field, relying on its deep accumulation in the research and development and application of automotive-grade semiconductors, it has mass-produced IGBT, SiC devices, IPM, MCU, CMOS image sensors, electromagnetic sensors, LED light sources and displays and other products, which are widely used in important fields such as automotive motor drive control systems, vehicle thermal management systems, body control systems, battery management systems, vehicle imaging systems, and lighting systems.  
In the fields of industry, home appliances, new energy and consumer electronics, BYD Semiconductor has achieved outstanding market performance in many market segments by virtue of its advanced design technology and continuous product innovation and upgrades.  
It is worth noting that in addition to supplying BYD Group, BYD Semiconductor’s power semiconductor products have also long-term served other major vehicle parts manufacturers and well-known brand companies in the industrial and home appliance fields.  
 

 
 

Many domestic firsts in the fields of IGBT, MCU, and silicon carbide

Now is a critical period for the development of my country's semiconductor industry. The continuous implementation of cloud computing, Internet of Things, big data, smart grid, automotive electronics, mobile smart terminals, network communications and other applications has driven the continued release of semiconductor demand.  
As a pioneer, BYD Semiconductor has an industry-leading market position in the field of power semiconductors. According to Omdia statistics, based on IGBT module sales in 2019, BYD Semiconductor ranks second among IGBT module manufacturers for new energy passenger car motor drive controllers in China, second only to Infineon, with a market share of 19%, ranking first among domestic manufacturers. In 2020, it will maintain its leading position in this field, ranking second among global manufacturers and first among domestic manufacturers.  
Automotive-grade MCU chips are the core of the internal calculation and processing of automotive electronic systems and are the key to the in-depth development of automobiles from electrification to intelligence. Based on high-quality management and control capabilities, BYD Semiconductor's industrial-grade MCU chips and automotive-grade MCU chips have been mass-produced and shipped, and sales have achieved rapid growth. According to Omdia statistics, BYD Semiconductor's cumulative shipments of automotive-grade MCU chips occupies a leading position among domestic manufacturers, and it is China's largest automotive-grade MCU chip manufacturer.  
At the same time, BYD Semiconductor is also the first power semiconductor company in the world and the only power semiconductor company in China to realize the mass installation of SiC three-phase full-bridge modules in new energy vehicle motor drive controllers. It has broken through technical problems such as high-temperature packaging materials, long-life interconnection design, high heat dissipation design and vehicle-level verification, and has achieved large-scale application of SiC modules in high-end models of new energy vehicles.  
       
  Domestic leading integrated IDM operation capabilities across the entire industry chain  
In the field of power semiconductors, BYD Semiconductor is the leading domestic IDM semiconductor company with integrated business capabilities in the entire industry chain of chip design, wafer manufacturing, module packaging and testing. It is one of the few domestic IDM manufacturers that can achieve mass production and installation of automotive-grade IGBTs.  
Automotive-grade power semiconductors face complex usage environments and application conditions, which have extremely high requirements on product safety, reliability, processing capabilities, service life, and assembly volume and weight. Its research and development is a comprehensive technical activity that involves the close integration of multiple aspects of the design and manufacturing ends. BYD Semiconductor's IDM model more closely integrates design and manufacturing processes, packaging processes, and system-level applications. Through effective coordination between the design department and the manufacturing department, it helps the company achieve breakthroughs and innovations in technical solutions, improve product reliability, shorten the development cycle of new products, protect independent intellectual property rights, and form technical barriers.  
In the future, BYD Semiconductor will also ensure the supply chain security of core products through measures such as production expansion and process upgrades, ensure the stable delivery of products when upstream production capacity is in short supply, and at the same time achieve characteristic process research and development and technological closed-loop on its own production lines.  
 

Since 2021, the global automotive-grade semiconductor production capacity shortage has continued to ferment, chip prices have continued to rise, and the supply cycle has been extended. Many car companies have announced plans to suspend production due to "core shortages." This chip shortage has brought rare development opportunities to semiconductor manufacturers with core technologies and independent innovation capabilities such as BYD Semiconductor. If BYD Semiconductor is successfully listed this time, it may further enhance the production capacity, technical level and product diversity of power semiconductor and intelligent control IC businesses, achieve independent control of core production processes, and comprehensively enhance comprehensive competitiveness.

Disclaimer: This article is reproduced from "BYD Semiconductor". This article only represents the author's personal views and does not represent the views of Sacco Micro and the industry. It is only for reprinting and sharing to support the protection of intellectual property rights. Please indicate the original source and author for reprinting. If there is any infringement, please contact us to delete it.

Company phone number: +86-0755-83044319
Fax/FAX: +86-0755-83975897
Email: 1615456225@qq.com
QQ: 3518641314 Manager Li

QQ: 332496225 Manager Qiu

Address: Room 809, Building C, Zhantao Technology Building, No. 1079 Minzhi Avenue, Longhua New District, Shenzhen