据港交所官网，5月27日，深圳基本半导体股份有限公司（简称"基本半导体"）递交上市申请，中信证券、国金证券（香港）有限公司、中银国际为其联席 保荐人。 资料显示，基本半导体成立于2016年，专业从事碳化硅功率器件的研发与产业化。公司总部位于深圳，在北京、上海、无锡、香港以及日本名古屋设有研发 中心和制造基地。 3年亏超8亿元 分销商数量呈下滑趋势 业绩方面，报告期（2022年—2024年）各期，基本半导体分别实现收入约1.17亿元、2.21亿元、2.99亿元，年复合增长率为59.9%；年内亏损分别约为2.42亿 元、3.42亿元、2.37亿元，累计亏损额为8.21亿元。 | | 2022年 | | 2023年 | | | | --- | --- | --- | --- | --- | --- | | | | 佔收入的 | | 佔收入的 | | | | 金額 | 直分比 | 金額 | 自分比 | | | | | | (人民幣千元,百分比除外) | | | | 收入 | 116,876 | 100.0 | 220,586 | 100.0 | | | 銷售成本 | (173,616) | (148.5) | (35 ...

Core Viewpoint - The rapid adoption of silicon carbide (SiC) in the new energy sector is significantly increasing its market penetration, particularly in charging modules for electric vehicles, driven by the growing demand for high-efficiency power devices [3][12]. Group 1: Collaboration and Innovations - Yuyou Green Energy announced a deepened collaboration with Infineon Technologies to enhance the application of SiC power semiconductor solutions in their charging modules, achieving an efficiency of over 97.5% [4][6]. - The partnership aims to upgrade various charging solutions, including high-quality 40kW/60kW independent air-cooled and liquid-cooled charging modules, as well as V2G (Vehicle-to-Grid) interactive solutions [4][6]. Group 2: Product Development and Efficiency - Yuyou Green Energy is actively developing multiple SiC power modules, with some products achieving a maximum conversion efficiency of 97% [7]. - The company is in various stages of development for several SiC products, including a 40kW ultra-high voltage liquid-cooled module and a 22kW bidirectional DC charging module, with ongoing design and testing phases [7]. Group 3: Market Trends and Adoption - Nearly 20 companies have recently announced their latest SiC application solutions, indicating a growing market interest in SiC power modules [10]. - The increasing power requirements for charging stations, particularly those exceeding 600kW, are driving the demand for higher voltage, power, and density in power modules, making SiC devices an ideal choice [12][14]. Group 4: Cost Efficiency and Environmental Impact - SiC devices can help reduce overall costs and improve energy efficiency, with estimates suggesting significant savings in electricity costs for charging stations using SiC modules [17]. - For example, a charging station with five 480kW chargers could save approximately 21,200 yuan in electricity costs over three years by using SiC modules, while another station could reduce carbon emissions by 12 tons annually [17].

Core Viewpoint - Xiaomi has officially launched its first SUV model, YU7, which utilizes an 800V silicon carbide (SiC) high-voltage platform, showcasing the company's commitment to advanced electric vehicle technology [1][3][6]. Group 1: Product Specifications - The Xiaomi YU7 comes in three versions: Standard, Pro, and Max, all featuring the 800V SiC high-voltage platform [7]. - The Standard version has a single motor with a power of 235kW, achieving 0-100 km/h in 5.88 seconds and a range of 835 km [9]. - The Pro version features dual motors with a total power of 365kW, achieving 0-100 km/h in 4.27 seconds and a range of 770 km [9]. - The Max version also has dual motors, with a peak power of 288kW, achieving 0-100 km/h in 3.23 seconds and a range of 769 km [9]. - The YU7 supports fast charging, with the Max version capable of charging from 10% to 80% in just 12 minutes [9]. Group 2: Technology and Supplier Relationships - The YU7 is equipped with the V6s Plus super motor, featuring a conversion efficiency of 99.85% and a peak torque of 528N·m [11]. - The SiC suppliers for the YU7 include Infineon and Bosch, with the main electric drive systems provided by Huichuan United Power and United Automotive Electronics [16][25]. - The YU7's SiC components are expected to increase compared to the SU7, with the single motor version using approximately 64 SiC MOSFETs and the dual motor version using about 112 [23]. - Domestic suppliers such as ChipLink, Linzhong Electronics, and others are entering Xiaomi's supply chain, indicating a shift towards local SiC component sourcing [25].

Core Viewpoint - InnoCare (02577.HK) shares rose nearly 15% as the company engages in the sales of gallium nitride power semiconductor products, with reports indicating that Nexperia's collaboration with NVIDIA will play a crucial role in gallium nitride and silicon carbide technologies [1] Company Summary - InnoCare is involved in the sales of gallium nitride power semiconductor products [1] - The company's stock experienced a significant increase of nearly 15% [1] Industry Summary - The collaboration between Nexperia and NVIDIA is expected to enhance the development of gallium nitride and silicon carbide technologies, which are critical for the semiconductor industry [1]

据外媒报道，美国碳化硅（SiC）芯片制造商Wolfspeed正准备在数周内申请破产。 受消息影响，该公司股价开盘暴跌超70%，市值从百亿美元缩水至个位数。年初至今已累计下跌超90%。 背负65亿美元巨额债务 Wolfspeed在碳化硅衬底市场长期占据领先地位，但因自身激进扩张、行业竞争加剧，近年来陷入债务危机。 根据《华尔街日报》援引知情人士的报道，该公司正面临高达65亿美元的债务压力，其中包含一笔5.75亿美元、在2026年5月到期的期末整付可转债。而 截至3月底，其现金储备仅为13亿美元。 Wolfspeed的财务困境主要源于工业和汽车市场需求疲软、关税带来的不确定性，以及与主要客户（如瑞萨电子）之间的供应协议压力。 本月早些时候，该公司对其持续运营的能力表示了严重担忧，并发布了疲软的收入预期。 2025财年第三财季，公司营收同比下滑7%，仅为1.85亿美元，净亏损为28550万，且未提供第四财季的业绩指引。经调整后，公司每股亏损72美分，亏 损幅度较去年进一步扩大。 资料显示，Wolfspeed成立于1987年，是一家全球领先的碳化硅功率器件和宽禁带半导体技术公司，Wolfspeed最初是Cree公司旗 ...

插播： 天科合达、天岳先进、同光股份、烁科晶体、合盛新材料、三 安半导体、东尼电子、中电化合物、芯聚能、安海半导体、 凌锐半导体、 士兰微、 泰坦未来、恒普技术、华卓精科、快克芯装备、京航特碳、奥亿达半导 体及 成都炭材等 已确认参编《2025碳化硅衬底与外延 产 业 调 研 白 皮 书 》 及 《 2025 碳 化 硅 器 件 与 模 块 产 业 调 研 白 皮 》 ， 参 编 咨 询 请 联 系 许 若 冰 （hangjiashuo999）。 5月15日，行家说 第3届 "电动交通&数字能源SiC技术应用及供应链升级大会"成功在上海举办。 比亚迪、 吉利、 丰田、 上汽、 长安、 长城、 蔚来、 零 跑、 深蓝、 合众、 江铃汽车等车企，华为、 美的、 浪潮集团、 阿特斯光伏 等新能源 头部厂商，以及 三菱电机 、 意法半导体、 Wolfspeed、三安半导体、天科合达及瀚天天成 等 碳化硅产业链上下游企业， 合 计 超400位 精英代表相聚上 海。 本次会议上，围绕 "数字能源SiC技术应用研讨会"与"电动交通SiC技术应用研讨会"两大会议主题，三菱电机 （总冠名商） 、 意法半导体、Wolfspeed ...

插播： 倒计时1天！ 三 菱 电 机 、 意 法 半 导 体 、 Wolfspeed、三安半导体、天科合达、元山电子、大族半导体、香港大学、士兰微、长飞先进、宏 微科技、利普思、昕感科技、国扬电子、国基南方、芯长征、同光半导体、合盛新材料、瀚天天 成、芯研科、国瓷功能材料、季华恒一等 邀您参加上海"电动交通&数字能源SiC技术应用及供应 链升级大会"，点击文章底部 "阅读原文" 即可报名参会。 前不久，"行家说三代半"报道了 今年一季度 碳化硅 在 超充领域的应用情况（ 点击查看 ）。近期，我们发现又有多家企业集中发布应用碳化硅技术的新产品，与此同时，不少 超充站建设也开始采用碳化硅，这意味着： 图：英飞源、行家说三代半 值得注意的是，据英飞源测算， 以配置5台480kW充电桩的公共运营充电站点为例，如果都采用SiC 电源模块，充电效率可提高1.5%-2%，预计三年可累计节省电费约21.2万元。 华为数字能源： 兆瓦超充方案采用SiC技术 采用碳化硅的企业持续增加：华为数字能源、中建科工、宇视科技等大型企业积极采用碳化硅技 术。 超快充需求促使企业采用碳化硅技术：面对兆瓦级等超快充需求，诸多企业相继研发并推出 ...

插播： 倒计时3天！ 三菱电 本届盛会受到了产业链企业高度关注和支持，将 邀请众多SiC产业大咖， 聚焦8英寸SiC关键 量产技术，以及车规级SiC芯片与模块制造所面临的难题等核心维度，共同致力于助力SiC产业达成高质量 技术降本的目标， 探讨未来的机遇，并针对 SiC终端应用 的关键技术展开深入讨 论。 机、意法半导体、Wolfspeed、三安半导体、天科合达、元山电子、大族半导体、香港大学、 士兰微、长飞先进、宏微科技、利普思、昕感科技、国扬电子、国基南方、芯长征、合盛新材 料、瀚天天成、芯研科、国瓷功能材料、季华恒一等邀您参加上海 "电动交通&数字能源SiC技 术应用及供应链升级大会"，点击文章底部 "阅读原文" 即可报名参会。 5月15日，行家说将 在上海举 办 "电动交通&数字能源SiC技术应用及供应链升级大会" 。 往届盛况 本次上海碳化硅大会已经开启报名登记，扫描下方二维码即可报名，欢迎大家报名参会，联手众多产业大 咖共同促进新能源和SiC行业持续健康发展！ 会议距离正式召开 仅剩3天 ， 本次碳化硅会议到底有哪些亮点？"行家说三代半"给大家剧透一下。 亮点一： 名企荟萃，近20家SiC企业亮相 ...

Core Insights - Silicon Carbide (SiC) technology is becoming a key driver in the development of the electric vehicle (EV) industry, enhancing performance and enabling technological innovation [1][6] - The application of SiC technology is expanding across various vehicle price ranges, from high-end luxury models to mass-market options, with power levels ranging from 150kW to 645kW [1][2] - Over 30 new SiC models were showcased at the recent Shanghai Auto Show, indicating rapid development and widespread adoption of SiC technology in the EV sector [4][5] Group 1: SiC Technology Adoption - SiC technology is now a core element for differentiation among automakers in the EV market, covering models priced between 100,000 to 1,500,000 yuan [1] - Notable models utilizing SiC include Volvo's ES90, which features a 370kW electric motor and a 111kWh battery, and Dongfeng's N7, which offers a 200kW motor with 400 km range from a 10-minute charge [2][3] - The introduction of SiC in BMW's i5 eDrive35L has increased its range by up to 47 km, showcasing the efficiency benefits of SiC technology [2] Group 2: Performance and Efficiency Benefits - SiC materials exhibit superior properties compared to traditional silicon, including three times the bandgap width, ten times the breakdown voltage, and five times the thermal conductivity [6] - The use of SiC in electric drive inverters significantly reduces switching losses by 75% and improves efficiency by 3%-5%, while also minimizing the size of components [7] - SiC devices enhance the efficiency of onboard chargers (OBC), achieving over 98% charging efficiency and reducing the need for cooling systems [8] Group 3: Market Trends and Future Outlook - The hybrid vehicle segment is increasingly adopting SiC technology, with predictions indicating that the Chinese hybrid market could exceed 20 million vehicles by 2030 [9] - The application of SiC technology is expanding beyond passenger vehicles into commercial vehicles, with Tier 1 suppliers exploring its use in heavy-duty trucks [10] - The rise of domestic EV manufacturers has led to a significant increase in the number of Chinese companies in the global automotive supply chain, with a notable presence in battery and electric drive systems [11][12]

安森美近日发布2025Q1季报，25Q1营收为14.46亿美元，同比-22%/环比-16%；毛利率为 40%，同比-5.9pcts/环比-5.3pct。综合财报及交流会议信息，总结要点如下： 评论： 1、25Q1营收接近指引上限，DOI及渠道库存均环比增长。 25Q1营收14.46亿美元，同比-22%/环比-16%，接近指引上限，毛利率40%，同比-5.9pcts/环 比-5.3pcts，位于指引中值，产能利用率60%/环比+1pct，DOI 219天/环比+3天，渠道库存10.1 周（24Q4为9.6周）。 2、三大业务部门同环比均下滑，工业订单表现强劲。 1）分部门： 25Q1电源方案部（PSG）营收6.45亿美元，同比-26%/环比-20%；模拟与混合信 号部（AMG）营收5.66亿美元，同比-19%/环比-7%；智能感知部（ISG）营收2.34亿美元，同 比-20%/环比-23%。 2）分下游： 25Q1汽车营收7.62亿美元，同比-25%/环比-26%，主要系 欧洲市场疲软及中国春节影响，当前在中国市场取得大量新能源汽车订单，中国以外新能源汽车市 场尚未复苏；工业收入4亿美元，同比-16%/环比-4 ...