BASiC Semiconductor Completes C4 Round Funding and Fully Accelerates Industrialization Process

On September 20, 2022, Shenzhen BASiC Semiconductor Co., Ltd. completed the C4 funding, which was jointly invested by the new shareholders Virtue Capital, Guohua Investment, and Wuxi New Heights, and a further investment by institutions including the shareholders Yitang Changhou Capital, China-US Green Fund.

This round of funding will be used to further strengthen the R&D and manufacturing capabilities of key links in the SiC industry chain, increase the production capacity, support the large-scale application of SiC products in electric vehicles, photovoltaic energy storage and other markets, and comprehensively improve the core competitiveness of BASiC Semiconductor in the power semiconductor industry.