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Investment News | Nuoyan Capital Completes Equity Transfer of Alpha Power Solutions

2023-10-18


On August 4, 2023, Nuoyan Capital completed the equity delivery of Alpha Power Solutions (APS) , which marked a new progress in Nuoyan Capital's layout in the fields of new energy vehicles and third-generation semiconductors. Previously, APS successfully completed its D round of financing in September 2022, with active participation from well-known investment institutions such as Xiaomi Industrial Investment, Huichuan Industrial Investment, Wanniu Capital, and Sanhua Hongdao.


APS was founded in Lingang, Shanghai in 2018. It is one of the leading silicon carbide device design manufacturers in China, specializing in the research and development, production and sales of silicon carbide SBD (Schottky diode), silicon carbide MOSFET (metal-oxide semiconductor field-effect transistor), and silicon carbide modules. Its products are widely used in EV fast charging, photovoltaics, energy storage, OBC and electric drive and other scenarios. The company's core members have many years of management experience in large semiconductor companies such as SMIC and Silan Microelectronics, and have full industry chain resources from design to production and manufacturing, and have rich practical cases in FAB operations, large-scale wafer production and manufacturing.


As a leading company in the field of domestic silicon carbide device design, Feizeng has continuously improved its R&D capabilities and successfully achieved a number of technological innovations. It was not only the first company in China to adopt the foundry model to realize the manufacture of 6-inch silicon carbide devices, but also became the first company to be able to ship 1200V silicon carbide devices in large quantities. In addition, APS used the thinning process for the first time in the production of silicon carbide diodes, and its products have established a good reputation in the market.


After years of technological innovation, APS has gradually established a leading position in the market. In 2019, APS successfully achieved mass production of 650V and 1200V silicon carbide diodes. In the fourth quarter of 2021, the company began to ship silicon carbide MOSFETs in batches. It is reported that the company will release the third-generation 1200V 14/18/30/40/80mohm SiC MOSFET recently. The product performs well at high temperatures and will further enhance Feizeng's market competitiveness. In the future, the Feizeng team will continue to be committed to technology research and development and product innovation to promote the development of the company to a new level.


With the advancement of semiconductor technology, silicon-based materials have reached their theoretical limits and are unable to meet the increasingly demanding requirements of industrial and commercial applications, such as higher voltage, faster switching frequency, higher conversion efficiency and reliability. As a wide bandgap material, silicon carbide has gradually matured in the process of rapid popularization of new energy applications represented by electric vehicles, and will gradually occupy the market with higher cost performance in the future.


Nuoyan Capital is firmly optimistic about the market prospects of APS and will help the company further expand its business scope, enhance its technological research and development capabilities, and improve its market competitiveness. In the future, the two parties will work closely together to explore new market opportunities and development paths and contribute to the prosperity and development of China's semiconductor industry.

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