BYD's board of directors meeting held on December 30 agreed that its holding subsidiary, BYD Semiconductor Corporation, is planning to spin off and start the preparatory work for an independent listing.
BYD Semiconductor's main business includes the development, production, and sales of power semiconductors, intelligent control ICs, intelligent sensors, and optoelectronic semiconductors.
The company has an integrated business chain including chip design, wafer manufacturing, packaging and testing, and downstream applications.
After more than ten years of R&D accumulation and large-scale application in the field of new energy vehicles, BYD Semiconductor has become a leading manufacturer of independent and controllable automotive-grade IGBTs in China.
In the industrial IGBT field, BYD Semiconductor's downstream applications include industrial welding machines, inverters, home appliances, etc., which will bring new growth points for BYD Semiconductor.
In other business areas, BYD Semiconductor also has many years of R&D accumulation, sufficient technology reserves, and abundant product types, and has established long-term close business ties with customers from the automotive, consumer, and industrial sectors.
BYD holds 72.30% equity interest in BYD Semiconductor, and the list of shareholders also includes Hubei Xiaomi Yangtze River Industry Fund Partnership and Hubei Lenovo Yangtze River Technology Industry Fund Partnership.
Up to now, BYD Semiconductor has completed internal reorganization, equity incentive, the introduction of strategic investors, and other work, and has the basis for independent operation.