Silicon carbide track technology dark horse Chenxin Technology received nearly 100 million yuan of Pre-A round financing

Silicon carbide track technology dark horse Chenxin Technology (UniSiC) recently announced the completion of the Pre-A round of financing of nearly 100 million yuan, this round of financing led by Oriental Jiafu, industry investors followed the investment, the old shareholder Atomic Venture Capital additional investment. The funds in this round of financing will be mainly used for new product research and development and mass production preparation.

【The main track and market volume of Chenxin】

The target market of Chenxin Technology is positioned in the middle of the silicon carbide industry chain, providing high-performance and customized silicon carbide power semiconductor module products and system-level solutions for new energy vehicles, high-end medical imaging equipment OEMs and other customers. At the same time, Chenxin Technology provides wafer-level, device-level and application-level dynamic characteristics, static characteristics, continuous power and other full-spectrum silicon carbide automated test systems for silicon carbide upstream chip IDM enterprises, new energy vehicle electric drive enterprises and new energy automobile OEMs, to solve the technical problems of accurate, reliable and efficient test card neck of silicon carbide power semiconductors in the industry, and to accelerate the localization process of the silicon carbide power semiconductor industry.

The performance of silicon-based semiconductors has approached the limit, and silicon carbide has been widely recognized by industries such as new energy vehicles by virtue of its characteristics of high pressure resistance, high temperature resistance, low loss and high frequency operation. IHS predicts that the compound growth rate of silicon carbide power devices will exceed 30% in the next 5-10 years, and it is expected that the market size of silicon carbide power devices and applications will exceed 100 billion US dollars in 2027.

With the significant reduction of cost, silicon carbide power semiconductor modules will be widely used in new energy vehicles, 800V high-voltage fast charging systems, high-end medical imaging equipment, new energy power generation, rail transit, smart grid, aerospace and other fields.

【Layout, product and business progress of Chenxin】

With the accumulation of technology one step ahead of others, on the eve of the outbreak of silicon carbide, adhering to the concept of small steps and fast running, Chenxin Technology has completed the research and development and industrialization of a variety of high-performance innovative products through continuous technical research, and the product iteration will never stop.

At the beginning of 2020, the company launched the Edison series of automatic test system for dynamic characteristics of silicon carbide power semiconductor devices, which is the world's leading performance index and belongs to the industry's first set of products. The system adopts high-speed, high-frequency, high-reliability digital drive circuitry (common-mode transient immunity up to 100V/ns), ultra-low loop noise sensing advanced stack masterbar (less than 10nH), exclusive silicon carbide power semiconductor characteristic parameter algorithm, and high-speed short-circuit current protection (>

At present, the company has reached a full-scale strategic cooperation alliance with Tektronix, the world's top test and measurement instrument supplier, for this product line, and at the same time, in the first year of product launch, it has won tens of millions of mass production orders from many leading enterprises in the silicon carbide circuit.

In terms of silicon carbide power semiconductor modules and applications, based on a deep understanding of different application scenarios, the company develops high-performance, multi-chip parallel silicon carbide power semiconductor module products to achieve lower chip electrothermal stress and maximize chip characteristics.

In order to achieve safe, low-dose, high-definition imaging effects, medical imaging equipment has a rigid demand for silicon carbide in high-power high frequency (50kW~100kW, 300kHz~500kHz), high transient response (us-level) and high-precision control requirements (PPM level) of medical imaging equipment. At present, the company has launched the industry's first ultra-low heterogeneous multi-chip parallel 1200V/900A silicon carbide power semiconductor module, and has obtained tens of millions of mass production orders from the international top 500 medical imaging equipment OEMs. In addition, for the medical imaging equipment main engine factory that has not yet built the core sub-component capacity, the company provides one-stop system solutions, launched the instantaneous series of silicon carbide dual-energy CT high-voltage generator products, the key performance indicators are internationally leading, and has also obtained the domestic head medical equipment enterprise mass production fixed point.

While being recognized by the industry's leading manufacturers, the company is also making full efforts to make new energy vehicle tracks. The 1200V/630A and 900V/820A three-phase SiC power semiconductor modules and drivers based on HPD packages have been delivered in small batches and have passed performance tests. In the future, we will continue to launch high-performance customized SiC power semiconductor modules and driver products for 800V high-voltage electric drive systems for new energy vehicles.

With the first production base recently put into operation in the Jiangsu Fenhu High-tech Zone of the Yangtze River Delta Integration Demonstration Zone, Chenxin Technology has officially entered the mass production stage. The base integrates R&D, testing, production and sales, covering the research and development, product manufacturing and performance testing of silicon carbide core power components. Characterized by high frequency, digitalization and automation, the center has built 10 laboratories covering the full performance test of silicon carbide power semiconductor device level, power component level and system level, reaching the industry-leading level.

【Team situation of Chenxin】

The core R&D team of Chenxin Technology is from the former GE China Academia Sinica, which has nearly 20 years of deep accumulation in the field of silicon carbide, and has successfully developed and mass-produced a number of the world's first sets of silicon carbide core power components products.

Founder Dr. Mao Saijun said: Silicon carbide alternative silicon devices are imperative, only by breaking through the technical barriers of each link of the industrial chain, can we finally achieve the spurt development of the entire industrial ecosystem. Chenxin Technology will continue to invest in R&D resources for independent innovation, iterate high-performance products, seize the window period, promote the mainland semiconductor technology self-reliance and self-improvement, and contribute to the national hard science and technology cause.

【Investor's Opinion】

Xu Xiao, founder and partner of Oriental Jiafu, said: With the outbreak of new energy vehicles and the acceleration of the localization process of medical equipment, the large-scale application of the third generation of semiconductors represented by silicon carbide is accelerating in an all-round way, and the silicon carbide module and related solutions closest to the downstream application will be the first link in the entire industry chain to be developed with the outbreak of downstream demand. The core technical team of Chenxin Technology has many years of experience in the development of silicon carbide-related applications at GE China Academia Sinica, and is one of the few teams in China with strong engineering capabilities and technical precipitation in this field. We believe that under the leadership of Dr. Mao, the company can seize the opportunity of industrial development and make greater contributions to the rapid development and comprehensive landing of the domestic silicon carbide industry.