Core Viewpoint - The rapid development of power semiconductors in China is significantly driven by the growth of the electric vehicle market and the demand for high-efficiency power devices, with a projected global market size of $75.5 billion by 2025, where China will hold a 38.6% share at $29.1 billion [2][3]. Industry Overview - The power semiconductor market is expected to grow steadily, with China emerging as a key player due to the increasing demand from the electric vehicle sector [2]. - The domestic power semiconductor industry is experiencing a surge in collaboration with automotive companies, enhancing the localization rate of power chips [3]. Company Positioning - Huazhong Microelectronics (华润微) is positioned as a leading player in the Chinese power semiconductor market, ranking second among domestic companies and first in the MOSFET segment [2]. - The company reported a revenue of 1.248 billion yuan in the automotive electronics and new energy sector for the first half of 2025, marking a 37% year-on-year growth [3]. Product Development and Innovation - The company is transitioning from a "single device supplier" to a "system-level solution provider," focusing on energy efficiency solutions and enhancing modular and systematic capabilities [4]. - Huazhong Microelectronics is actively developing new products to meet the increasing demand for high current, high voltage, and automation in electric vehicles [4]. Competitive Landscape - Compared to international leaders like Infineon, Chinese companies are still in a catch-up phase in terms of technology, particularly in high-end IGBT, SiC trench MOS, and automotive-grade MCU [5]. - The domestic industry benefits from supportive policies for domestic substitution, leading to breakthroughs in key technologies such as SiC, GaN, and IGBT [5]. Strategic Initiatives - The company employs an IDM (Integrated Device Manufacturer) model, allowing for close collaboration with local customers and rapid response to customized needs [6]. - Huazhong Microelectronics is investing in advanced technologies, including third and fourth generation semiconductors, and has established a stable operation for its 6-inch SiC pilot line [7]. Ecosystem Collaboration - The company emphasizes the importance of ecosystem collaboration, working with universities and automotive manufacturers to develop automotive-grade chips and participate in national standard formulation [8]. - Huazhong Microelectronics aims to build a comprehensive ecosystem that supports the global competitiveness of China's new energy vehicle industry [8].