Byd responded to the media that the exit was a cautious decision based on judgements about the market situation, the urgency of the project and other factors to fully justify it.


On the evening of November 15, byd announced that it would stop promoting its controlled subsidiary byd semiconductor co., LTD. (hereinafter referred to as "byd semiconductor") to separate listing and then begin work on separate listing in due course.

In response, biadi told the media that the exit was based on opinions about the market situation, the urgency of the project construction and other factors to fully justify the decision.

Regarding the repeated termination of ipo, byd explained in its statement that this decision is mainly due to the fact that the assets and business structure of the company will be significantly adjusted.




With the rapid growth of sales in the domestic electric vehicle industry, the use of automotive semiconductors is limited to upstream crystal circle production capacity, and the main deficit has not yet been fully mitigated. In response, biadi said in the announcement that in order to expand the capacity of the crystal circle, during the review of ipo materials, the company invested and implemented a project to build the capacity of jinan energy semiconductor, the project was successfully put into operation, lifting capacity is good.

However, faced with the growth of the industry in order to boost productivity and autonomous manageability as soon as possible, byd semiconductor said that it would also continue large-scale investment and capacity building based on the jinan project.

Since the launch of ipo in December 2020, the way to ipo byd semiconductor has gone through several turns. Over the past two years, the company has twice stopped its ipo due to the "expiration of the financial information in the application documents", as well as due to the investigation conducted by the securities and futures commission.


Byd semiconductor was founded in 2002 as a subdivision of IC design in byd, and moved to microelectronics and photoelectronics in 2004. The previous byd publication shows that byd semiconductor mainly focuses on the production of power semiconductor as well as intelligent IC control, photovoltaic semiconductor and sensors.

Before entering the market byd semiconductor also consumed food and ammunition and introduced significant external funds. In 2020, byd received 1.9 billion yuan investment prior to listing and was estimated at 7.5 billion yuan prior to investing, and introduced a number of agencies such as the sequoia, xiaomi jiangjiang industrial fund and zhongjin capital.

Due to the replacement of chips in the domestic market and the sharp growth in sales of domestic cars byd semiconductor was once called the "first core action" and entered the supply chain of several car brands outside byd.

According to the prospectus, from 2018 to 2021 byd semiconductor will reach an operating income of 1.34 billion yuan, 1.09 billion yuan and 1.44 billion yuan. Industry data also show that the domestic engine drive controller for new cars using the igbt module, byd semiconductor over the past two years has reached 19% of the market, behind only infinion.

It is predictable that byd semiconductor will not give up his journey home to hit the market again, no matter how difficult the process is, because only listing, byd can focus on the automobile business and no longer need blood transfusion for the semiconductor sector; Semiconductor company can only get rid of the parent company byd motor and expand new funding channels and customers to become a truly independent domestic company of car chips.