Gasgoo Munich- YASC has secured over 1 billion yuan in an A+ funding round. This marks a strong endorsement from capital markets. It follows a Series A round of over 3.8 billion yuan in 2023.
Image source: YASC
Proceeds will bolster the company's technological footprint across the silicon carbide (SiC) power semiconductor supply chain. They will also accelerate expansion into emerging global markets.
YASC notes that, silicon carbide is a prime third-generation semiconductor material. It is essential for new energy vehicles, photovoltaics, smart grids, and rail transit. The material withstands high temperatures and voltages. It also operates at high frequencies and minimizes losses. It holds a strategic position in the global energy transition and semiconductor technology upgrades. Furthermore, as industrial maturity and mass production drive down costs, downstream applications are expanding rapidly. Emerging sectors like AI data centers and consumer appliances are becoming new growth engines. This improves the industry's outlook beyond traditional markets.
Currently, YASC has an annual production capacity of 420,000 pieces of silicon carbide wafers. Its Wuhu facility is operating at full capacity. The Wuhan base passed line testing in May 2025. It can produce 360,000-piece 6-inch wafers annually. This is sufficient for 1.44 million new energy vehicles.
The Optics Valley has now clustered more than 50 companies in the compound semiconductor sector. The region has an industrial scale surpassing 100 billion yuan. It has attracted 10-billion-yuan flagship projects from leaders like YASC. The region has amassed over 30,000 innovative talent. It has built a complete ecosystem spanning R&D, pilot testing, and mass production. This ranges from materials and devices to packaging and testing.
About "Seeds Discovery":
Gasgoo's "Seeds Discovery" column connects startups, ecosystem partners, investors, and local governments. It supports the broader automotive supply chain. Since its inception, the platform has identified standout companies, technologies, and business models. These are shaping intelligent transformation and fostering innovation in the auto industry. According to Gasgoo data, nearly every featured startup has connected with resources across the industrial ecosystem.
