Xi’an BYD Semiconductor Co., Ltd. was established, wholly-owned by BYD Semiconductor Co., Ltd.

On June 1, Xi’an Semiconductor “target=”_blank”>BYD semiconductor Co., Ltd. was established with a registered capital of 1 million yuan. Its business scope includes semiconductor discrete device manufacturing; Electronic component manufacturing; integrated circuit chips and products. Manufacturing; sales of security equipment; security system monitoring services; contract energy management, etc. The company is wholly-owned by BYD Semiconductor Co., Ltd.

It is understood that BYD Semiconductor’s Xi’an R&D Center is about to open. At the same time, BYD Semiconductor has polished a higher-performance IGBT6.0 chip and plans to release it in Xi’an R&D Center.

The semiconductor R&D center located in Xi’an will be equipped with a R&D team of nearly 1,000 people. It is a new R&D base carefully laid out by BYD Semiconductor, and undertakes the mission of starting a new round of semiconductor innovation and R&D.

BYD Semiconductor will make full use of Xi’an’s human resources, supply chain resources and customer resources in integrated circuits, mainly engaged in the design and service of semiconductor products such as power semiconductors, smart sensors, and smart control ICs, and further enhance the company’s product research and development and technical strength.

A few days ago, BYD issued an announcement stating that BYD Semiconductor, a controlling subsidiary of the company, plans to issue an initial public offering of RMB common stock to the public and list it on the Shenzhen Stock Exchange Growth Enterprise Market after the issuance is completed. After the completion of the spin-off, the company’s shareholding structure will not change significantly, and the control over BYD Semiconductor will still be maintained.

According to reports, BYD Semiconductor Co., Ltd. was established in October 2004 with a registered capital of 450 million yuan. Its business scope includes semiconductor design, manufacturing and sales; packaging, testing and sales of semiconductor-related products. The financing process shows that BYD Semiconductor Co., Ltd. has experienced several rounds of financing, and investors include Xiaomi, SAIC Investment, Lenovo Venture Capital, etc.