We extend our sincere congratulations to Shenzhen Basic Semiconductor Co., Ltd. (Stock Short Name: Basic Semiconductor; Stock Code: 09971.HK), an investee company of Shenzhen V&T Technologies Co.,Ltd.(referred to as V&T), which has officially been listed on the Main Board of The Stock Exchange of Hong Kong Limited. It becomes Hong Kong’s first silicon carbide chip stock, injecting new growth momentum into China’s third-generation semiconductor power device track.
In 2022, V&T invested RMB 12 million in Basic Semiconductor’s Series C2 financing round, holding a 0.3688% equity stake prior to its IPO. For this global offering, Basic Semiconductor issued 27,386,200 shares at an offer price of HK$31.62 per share.
Founded in 2016 and headquartered in Shenzhen, Basic Semiconductor is a leading Chinese enterprise specializing in third-generation semiconductor power devices. It focuses on the R&D, manufacturing and sales of silicon carbide power devices. It is the only domestic enterprise integrating silicon carbide chip design, wafer fabrication, module packaging, gate driver design and testing capabilities. It is also one of China’s first large-scale manufacturers to deliver silicon carbide solutions for new energy vehicles.
About V&T
Founded in 2006, Shenzhen V&T Technologies Co., Ltd. is a national high-tech enterprise specializing in new energy and industrial automation. Recognized as a national specialized, sophisticated, unique and innovative "Little Giant" enterprise, V&T has built its business on independent research and development and proprietary intellectual property.
The company develops, manufactures, and supplies a wide range of power electronics and automation products, including AC drive systems, variable frequency drive solutions, variable speed drive products, servo drives, electric vehicle motor controllers, DC/DC converters, elevator control systems, and integrated industrial automation solutions. V&T also provides variable voltage variable frequency technologies and frequency converter products designed to improve motor efficiency, energy savings, and process control across multiple industries. In the CNC manufacturing sector, the company's spindle servo drive solutions support high-speed machining with stable and precise performance.
Serving customers in industries such as manufacturing, renewable energy, transportation, elevators, and intelligent equipment, V&T continues to invest in technological innovation while expanding its global presence. The company was listed on the ChiNext Board of the Shenzhen Stock Exchange in 2016 under stock code 300484.