Source: Jiweinet

    On March 1, the Shanghai Stock Exchange officially accepted the application for non-public offering of shares of Hangzhou Shilan Microelectronics Co., Ltd. (hereinafter referred to as Shilan Microelectronics).

    According to the disclosure, the total amount of funds raised from the issuance of A-shares by Swaziland Micro to specific objects this time is not more than 6.5 billion yuan (including this amount). The net amount of funds raised after deducting the issuance expenses is planned to be invested in the production line project with an annual output of 360000 12-inch chips, the construction project of SiC power device production line, the automobile semiconductor packaging project (Phase I), and the supplementary working capital.

    Among them, after the completion of the "360000 12-inch chip production line project", a production line with an annual output of 360000 12-inch power chips will be formed for the production of FS-IGBT, T-DPMOSFET, SGT-MOSFET power chip products; The "SiC power device production line construction project" will increase the production capacity of 144000 pieces of SiC-MOSFET/SBD power semiconductor device chips annually after reaching the production capacity; The "auto semiconductor packaging project (phase I)" will achieve an annual output of 7.2 million auto grade power modules.

    Swarm Micro said that the construction of the above three projects is one of the company‘s core strategic plans in the field of high-end power semiconductors, and is an important measure for the company to actively promote the upgrading and transformation of its product structure. The company will make full use of its technical advantages in the field of vehicle specifications and industrial power semiconductor devices and modules and its long-term accumulation under the IDM mode, seize the opportunity of the current rapid development of the automobile and new energy industry, further accelerate the pace of product structure adjustment, seize the time window of domestic high-threshold industries and customers to actively introduce domestic chips, and expand the company‘s power chip capacity scale, sales share and cost advantage, Continuously improve market share and profitability.

    It further said that the smooth implementation of the project would help to improve the company‘s supply guarantee ability to the downstream market and the security of the customer supply chain, continue to consolidate the company‘s dominant position as a domestic semiconductor IDM leading enterprise, and achieve the strategic development goal of building a comprehensive semiconductor product supplier with world-class competitiveness.

    It is reported that Swaziland Micro is a comprehensive IDM leading enterprise in the semiconductor field in China. It takes power system application as the core to carry out the layout of power devices, modules, circuits and other products. The product group is rich and the product performance and quality are reliable. It has a mature sales network and a wide range of customers.

    At present, the project products have been produced on the company‘s 8-inch production line, and the company has established good cooperative relations with many well-known domestic and foreign automobile enterprises. With the steady release of 12-inch production line capacity, the company‘s long-term stable and abundant capacity advantage will be further highlighted. In the future, the company will continue to obtain more high-quality customer resources, providing a firm customer base for the implementation and construction of the project.

    At the same time, SiC and other power devices are widely used in the automotive field, and the "lack of core" situation in China is very prominent, which makes the import substitution space of power devices for vehicles huge. Based on the growth of the SiC power device product market, the increase of the demand of the new energy automobile industry and the urgency of the "lack of core" problem, accelerating the domestic substitution of power device products has become the industry consensus.

    In recent years, with the strong support of national policies, domestic enterprises have accelerated the introduction and development of advanced equipment and technology, which has made a great leap in the localization of semiconductor power device chips. In this context, the implementation of the SiC power device production line construction project conforms to the national policy orientation, conforms to the market trend, and matches the company‘s overall strategic development objectives and the company‘s actual situation at this stage.

    The company‘s SiC power device products are mature in technology and have a good market foundation. The SiC products of this project are mainly used in the electronic control module of new energy electric vehicles, and the power chip of the company has been used in the electronic control module of passenger vehicles, so it will help promote the application of SiC power device products.