Chinese semiconductor companies are growing rapidly. However, most of them are fabless companies that focus on design. In reality, the number of Chinese companies that are developing semiconductors, semiconductor equipment, and semiconductor materials is very small. There are even fewer Chinese semiconductor companies that can be called IDMs.

BYD Semiconductor, famous for its automotive semiconductors, is one of the few companies in China that can design, manufacture, and package its own semiconductors. According to related reports, BYD Semiconductor currently has more than 15 core technologies. It also holds 187 technology patents, making it one of the few semiconductor companies that can meet the needs of various Chinese companies.

BYD Semiconductor is currently mass producing products such as IGBTs, MCUs, sensors, and IPMs. In particular, BYD is the overwhelming No. 1 in China in the IGBT sector and is already the world's second-largest IGBT manufacturer.

BYD's founder, Wang Chuanfu, once believed that semiconductors were made by humans, not gods, and that they could make them, and they did. BYD started out as an automobile company, but they boldly make what they can make. At the beginning of the pandemic, they started developing and producing masks in a week. And in a month, they became the world's largest mask manufacturer.

Its electronics contract manufacturing sector is also second in the world after Foxconn.

Last June, BYD Semiconductor's corporate value was estimated at approximately 10.2 billion yuan (approximately 1.8 trillion won). On the 30th, parent company BYD applied for a spin-off listing of BYD Semiconductor on the Shenzhen Stock Exchange and raised 2.7 billion yuan (about 480 billion won). If the IPO is conducted at the upper limit of the issuance price, BYD Semiconductor's market capitalization is expected to reach about 27 billion yuan (about 4.8 trillion won).