News of Wingtech

                    Wingtech Technology Led The Hundreds of Millions Round B Investment for BASiC


                    On December 31, 2020, BASiC has completed its hundreds of millions round B financing, which is led by Wingtech Technology, followed by Shenzhen Investment Control Capital, Minhe Capital, Yitang Changhou and other institutions, and the original shareholder Lihe Capital made additional investment.


                    BASiC said that the current round of financing is based on the company's development strategic plan, introducing strategic investors with important value in the R&D, manufacturing and market of the third generation semiconductor. This round of financing will be used to strengthen the core technology R&D, key market development and manufacturing base construction of silicon carbide devices, especially the R&D and mass production of automotive qualified silicon carbide power modules.

                    According to public information, BASiC is a leading enterprise in China's third generation semiconductor industry, which is committed to the R&D and industrialization of silicon carbide power devices. The performance of SiC Schottky diodes and SiC MOSFETs independently developed by the company has reached the international top-class level, and are widely used in new energy power generation, electric vehicles, rail transit, smart grid and other fields.

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                    Kris Xu