On February 6, Anhui YACF Semiconductor Co., Ltd. made a significant announcement, revealing its successful completion of a Series A+ equity financing round that raised over RMB 1 billion. Silicon carbide, a quintessential third-generation semiconductor material, boasts exceptional properties such as resistance to high temperatures, high voltages, high-frequency operation, and minimal losses. These attributes have catapulted it into a pivotal role across various sectors, including new energy vehicles, photovoltaic power generation, smart grids, and rail transportation. Moreover, it occupies a crucial strategic position in the global energy transition and the advancement of semiconductor technologies.

Presently, YACF has attained an impressive annual production capacity of 420,000 silicon carbide wafers, positioning itself as one of the leading players in China. This latest financing endeavor was spearheaded by Jiangcheng Fund and Changjiang Industry Group. The capital raised will be predominantly allocated towards strategic technological deployments throughout the entire silicon carbide power semiconductor supply chain. This move aims to expedite the company's global market penetration in emerging sectors.