InventChip completes its funding round with an investment from XPeng – Pandaily

Shanghai InventChip Technology Co., Ltd., a silicon carbide (SiC) semiconductor solutions provider, announced on Wednesday the completion of a strategic financing round with exclusive investment from XPeng Engines. The funds will primarily be used for market development, R&D, general operations and talent recruitment.

In October last year, InventChip raised several hundred million yuan through A+ and A++ funding rounds, jointly led by Lightspeed China Partners, CMG-SDIC Capital and Xiaomi.. In just a few months, the company again received investment from major new energy vehicle companies, indicating that its independent chip products and technologies have become highly valued in the industry.

InventChip focuses on the field of SiC semiconductors. It was established in Shanghai Lingang Special Zone in 2017 and is committed to developing devices, readers and SiC control chips and modules.

After three years of extensive R&D, the company has become the first in China to independently develop and master 6-inch SiC MOSFET process products and platforms.

On September 11, 2020, InventChip’s 1200V 80mohm SiC MOSFET product with fully independent intellectual property rights passed JEDEC certification. It then became a leading manufacturer of industrial-grade SiC MOSFET power devices in China.

InventChip’s products have successively entered the industrial and automotive electronics market, and are gradually being shipped in larger quantities. Its SiC MOSFETs have now accumulated over 400,000 mass production shipments.

SEE ALSO: Smart chip company CIX secures tens of millions of dollars in funding

In addition, a series of new products have been launched. The company’s SiC production line provides products in a wide range of fields such as switching power supply, electronic control and automotive electronics, with its brand awareness of silicon carbide gradually increasing.

Against the backdrop of the Chinese government’s plan to achieve national peak carbon and carbon neutrality in the coming decades, industries such as new energy vehicles and integrated optical storage and charging are seeing a new round of opportunities. . SiC semiconductors are expected to become a key factor in the development of new power industries with higher efficiency and performance.

According to Yole’s market forecast, the application of SiC devices will reach $10 billion in 2030, showing a rapid growth trend. The “Digital Power 2030” report published by Huawei predicts that in 2030, the penetration rate of SiC in photovoltaic inverters will increase from its current 2% to more than 70%, and the penetration rate in charging infrastructure and electric vehicles will also exceed 80%. Server communications and power will be fully promoted and enforced.

InventChip will continue to invest in SiC technology and steadily advance the transformation of SiC embedded device manufacturers, with the turnkey chip solution provider strategy serving as the core.

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