The IPO of “The First Share of Car Cores” was suspended, and BYD pressed the pause button

In May of this year, BYD semiconductor‘s announcement of its listing has attracted great attention from the market and has become a strong candidate for the “first stock of car cores”. But a few days ago, its IPO listing review was suspended, and BYD was pressed the pause button.

BYD: Advance the review as soon as possible

On August 18, the Shenzhen Stock Exchange suspended the issuance and listing review of BYD Semiconductor Co., Ltd. (hereinafter referred to as “BYD Semiconductor”) because the issuer’s law firm was investigated by the China Securities Regulatory Commission. The law firm is Beijing Tianyuan Law Firm (hereinafter referred to as Tianyuan Law Firm).

According to regulatory requirements, BYD Semiconductor can only resume its application for listing after the relevant circumstances of Tianyuan Law Firm are eliminated, or after due diligence is completed within three months and the Shenzhen Stock Exchange is notified in a timely manner.

In response to this matter, BYD Semiconductor told the media, “The company will now push forward some review reports as soon as possible. As for whether it will change, we do not know.”

2.7 billion financing, the valuation exceeds 10 billion!

As early as 2020, BYD Semiconductor was about to be split and listed. BYD Microelectronics completed internal reorganization, changed its name to “BYD Semiconductor”, and plans to introduce strategic investors.

In the second quarter of 2020, BYD Semiconductor completed the A round and A+ round of financing respectively, with a total financing of 2.7 billion yuan. And this year announced a spin-off listing, with a valuation of 10.2 billion.

Vehicle-grade IGBT has been mass-produced, and it is the largest domestic manufacturer

It is reported that in the automotive field, BYD Semiconductor has mass-produced IGBTs, SiC devices, IPMs, MCUs, CMOS image sensors, electromagnetic sensors, LED light sources and displays;

In the fields of industry, home appliances, new energy and consumer electronics, IGBT, IPM, MCU, CMOS image sensors, embedded fingerprint sensors, electromagnetic sensors, power ICs, LED lighting and displays have been mass-produced.

BYD Semiconductor is the largest manufacturer of IDM automotive-grade IGBTs in China. Its automotive-grade IGBTs are the core components of new energy vehicle Electronic control, and have achieved mass production and vehicle application. At the same time, BYD is also the first semiconductor manufacturer in the world to apply SiC modules to the main electronic control of automobiles.

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