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From: EvanG7/9/2022 11:40:33 AM
   of 10712
 
Tianyu Semiconductor, an epi supplier that selected II-VI as it strategic substrate supplier late last year, has had 2 recent capital raises with a number of large companies participating

sicty.com

Good news | Tianyu Semiconductor recently completed two rounds of war investment introduction

Recently, Dongguan Tianyu Semiconductor Technology Co., Ltd. has successively completed the introduction of the second and third rounds of strategic investors. Among them, the second round of investment was BYD, SAIC Shangqi, etc., and the third round of investment was Haier Capital, Chendao Capital, Dongguan Dazhong and Shenergy Xinrui. With the completion of the two rounds of strategic investment, the company has become the only silicon carbide industry chain enterprise in my country that has obtained strategic investment from leading companies in various fields at the same time.

Dongguan Tianyu Semiconductor Technology Co., Ltd. was established in 2009. It is the first enterprise in my country to realize the industrialization of the third-generation semiconductor silicon carbide epitaxial wafer. After more than ten years of technical accumulation and precipitation, the company has developed into a major supplier of silicon carbide epitaxial wafers in the world. The company has reached the international leading level in terms of product technical parameters and customer device yield, and is one of the few companies with international competitiveness in the silicon carbide field in my country. The company's competitive strength and industry status have been highly recognized by Huawei, BYD, SAIC, Haier, Shenergy Xinrui and other silicon carbide downstream and terminal host manufacturers such as electric vehicles, energy storage, home appliances, and photovoltaics. The introduction of the two rounds of war investment this time marks the beginning of a new chapter in the long-term strategic cooperation between the company and downstream leading enterprises.

With the application of silicon carbide materials in new energy vehicles, charging piles, photovoltaics, rail transit, smart grids, energy storage and other applications, the market demand for silicon carbide epitaxial wafers has entered a period of rapid growth. Dongguan Tianyu Semiconductor Technology Co., Ltd. will be based on itself, face China, and look at the world, and strive to become the promoter and leader of the development of the global silicon carbide industry, and realize the medium and long-term strategy of "carbon peak" and "carbon neutrality" for my country contribute to the goal.
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