On May 31, the Shanghai Stock Exchange officially accepted the listing application of Shandong Tianyue Advanced Technology Co., Ltd. (hereinafter referred to as “Shandong Tianyue”) on the Science and Technology Innovation Board.
△Source: Screenshot of the Shanghai Stock Exchange
At present, the global silicon carbide semiconductor industry market is developing rapidly and has ushered in an outbreak period. International giants have increased their investment in implementing expansion plans. Among them, American Cree, an international benchmarking enterprise of silicon carbide, announced in 2019 that it would invest 1 billion US dollars to expand its production by 30 times to meet future market demand. American II-VI Corporation and Japan’s Roma Corporation have also successively announced corresponding expansion plans.
In order to seize the opportunity of further independent development of the domestic silicon carbide industry, Shandong Tianyue plans to build a silicon carbide substrate production base in Shanghai Lingang New Area to improve the company’s silicon carbide substrate industrialization capabilities. According to reports, Shandong Tianyue plans to raise 2 billion yuan this time, which will be invested in silicon carbide semiconductor material projects after deducting issuance costs.
△Source: Screenshot of prospectus
It is reported that the silicon carbide semiconductor material project is implemented by Shanghai Tianyue Semiconductor Materials Co., Ltd. The total investment of the project is 2.5 billion yuan, and it is planned to invest 2 billion yuan in raised funds. The project plan includes but is not limited to new production plants, power distribution and storage facilities, Introduce advanced production equipment at home and abroad, reserve key raw materials such as carbon powder and graphite parts required for production, hire engineers, experts and other technical personnel, and finally form a digital and automated production line.
At present, the project has been included in the “List of Major Construction Projects in Shanghai in 2021” by the Shanghai Development and Reform Commission.
The prospectus shows that Shandong Tianyue was established in 2010. Its main business is the research and development, production and sales of silicon carbide substrate materials for wide bandgap semiconductors (third-generation semiconductors). The core technologies of synthesis, crystal growth, substrate processing, etc., have independently developed the preparation technology of semi-insulating and conductive silicon carbide substrates of different sizes.
At present, the company’s main products include semi-insulating and conductive silicon carbide substrates, which can be used in microwave electronics, power electronics and other fields.
In addition, Shandong Tianyue has also undertaken the National Nuclear High-tech Major Project (01 Project), the National New Generation Broadband Wireless Mobile Communication Network Major Project (03 Project), the National New Materials Project, and the National High-tech Research and Development Program (863 Program). ) project, the National Major Scientific and Technological Achievements Transformation Project and many other national, provincial and ministerial-level projects.
The Links: SP14Q006-T B8S-HF