Star Semiconductor invests in the construction of a full silicon carbide power module industrialization project

On December 18, 2019, Star semiconductor (stock code: 603290) announced that the company plans to invest in the construction of a full silicon carbide power module industrialization project in the existing factory area of ​​Jiaxing Star Semiconductor Co., Ltd. The total planned investment of this project is 229.47 million yuan, and it will invest in the construction of an annual output of 80,000 vehicle-grade full silicon carbide power module production lines and a R&D test center. The project will be gradually invested in accordance with market demand.

It is understood that the construction content of the project is: the company plans to invest in the construction of a full silicon carbide power module industrialization project in the existing factory area of ​​Jiaxing Star Semiconductor Co., Ltd. The total planned investment of this project is 229.47 million yuan, with an annual output of 80,000 yuan. Car-grade full silicon carbide power module production line and R&D test center, the project will be gradually invested in accordance with market demand. The project construction period is 24 months. Feasibility analysis: In the second half of 2020, the European new energy vehicle market showed explosive growth, and the monthly production and sales of new energy vehicles in China hit new highs.

China has the world’s largest auto market, and the country vigorously promotes the development of new energy vehicles. In November 2020, the State Council issued the “New Energy Vehicle Industry Development Plan (2021-2035)”, which clearly stated that in 2025, my country’s new energy vehicle sales will account for about 25% of the total, and it is required that the National Ecological Civilization Pilot Zone will be established in 2021. . In key areas for air pollution prevention and control, new or updated public vehicles such as public transportation, taxis, logistics and distribution, and the proportion of new energy vehicles shall not be less than 80%. According to this calculation, the sales of new energy vehicles in my country will exceed 6.4 million in 2025, and the average annual growth rate of new energy vehicles in my country from 2021 to 2025 will be more than 30%.

Compared with traditional fuel vehicles, the semiconductor components of new energy vehicles have higher power and higher performance requirements, and the dosage is several times that of traditional fuel vehicles. As a third-generation semiconductor power device, silicon carbide power modules have the advantages of large forbidden band width, high breakdown field strength, high saturation drift rate, and high thermal conductivity. Its high-temperature, high-efficiency and high-frequency characteristics are the key elements to achieve the improvement of power density and efficiency of new energy vehicle motor controllers. It is foreseeable that the market demand for automotive-grade silicon carbide power modules will achieve rapid growth driven by the new energy vehicle market, and the market space is huge.

It is understood that after the implementation of this project, the company’s technical level in automotive-grade full silicon carbide power modules will be further improved, the supply capacity will be improved, and a solid foundation will be laid for the company to further expand the new energy vehicle market and increase its market share.

The new energy vehicle market, as the company’s key strategic market, increases the research and development and industrialization of automotive-grade full silicon carbide power modules, which is in line with the company’s strategic development direction.

This investment will not have a significant impact on the company’s financial status and operating results this year, and there will be no damage to the legitimate interests of the listed company and its shareholders. After the completion of this investment, there will be no new connected transactions or horizontal competition.

The Links:   6MBP50RTA060 PM30CSJ060

Related Posts