According to the data, BYD Semiconductor was established on June 5438+1October 65438+1October 5, 2004 with a registered capital of 450 million yuan. Its legal representative is Chen Gang. Its main business covers the production and sales of R&D, power semiconductors, intelligent control integrated circuits, intelligent sensors and optoelectronic semiconductors, and it has an integrated whole industrial chain including chip design, wafer manufacturing, packaging testing and downstream applications.
"After more than ten years of R&D accumulation and large-scale application in the field of new energy vehicles, BYD Semiconductor has become a leading independent IGBT manufacturer in China." BYD said that BYD Semiconductor has certain first-Mover advantages in technology accumulation, talent reserve and product market application, and will focus on automotive semiconductors and simultaneously promote the development of semiconductors in industrial and consumer fields.
Previously, BYD had said that BYD Semiconductor actively sought the right time to go public independently. Subsequently, BYD Semiconductor introduced investment institutions such as Sequoia Capital China, CICC Capital and SDIC Innovation; In addition, BYD and BYD Semiconductor signed the Investment Agreement with investment institutions (hereinafter referred to as current investors) such as Ai Sikai (China) Enterprise Management Co., Ltd. and Hubei Xiaomi Changjiang Industrial Fund Partnership (Limited Partnership).
BYD introduced that after two rounds of introduction of strategic investors, the post-investment valuation of BYD Semiconductor has reached 654.38+002 billion yuan, and there is still room for further improvement.
"After completing two rounds of strategic investor introduction, the Group will accelerate the spin-off and listing of BYD Semiconductor." BYD said that the introduction of strategic investors in two rounds is another important measure to spin off the listing of subsidiaries after the company's internal restructuring.
BYD believes that the spin-off and listing will help BYD Semiconductor to further enhance its multi-channel financing ability and brand effect, form a sustainable competitive advantage by strengthening its resource integration ability and product research and development ability, make full use of China's capital market, seize the market development opportunity, and lay a solid foundation for becoming an efficient, intelligent and integrated new semiconductor supplier.
Up to now, BYD Semiconductor has completed internal restructuring, equity incentive, introduction of strategic investors and share reorganization, and the corporate governance structure, incentive system, industrial resources and reserve projects have been improved, with a good foundation for independent operation.
BYD pointed out that the spin-off plan is to better integrate resources and make the semiconductor business bigger and stronger, and will not cause the company to lose control of BYD Semiconductor. At present, BYD directly holds 72.3% of the shares of BYD Semiconductor.