BYD invests in Changzhou-based semiconductor company Vertilite
Shanghai (Gasgoo)- BYD Company Limited (BYD) recently became one of the investors of Vertilite, a Changzhou-headquartered semiconductor technology company, according to the business information provider Qichacha.
Qichacha's update shows that registered capital of Vertilite increased to 25,181,499 yuan ($3.893 million) from 21,173,333 yuan ($3.274 million).
Photo credit: Vertilite
As publicly disclosed, Vertilite, founded in 2015, is an innovative tech company that provides high-power and high-speed VCSEL (vertical-cavity surface-emitting laser) solutions. Its business scope extends to cover the design and manufacturing of chips, the sales and manufacturing of optoelectronic devices, as well as the production of electronics-dedicated materials.
BYD is striving to make its semiconductor arm, BYD Semiconductor Co.,Ltd., be publicly listed. Nevertheless, the IPO plan had to be suspended last month due to a regulatory investigation into the advisory law firm.
After the suspension, BYD Semiconductor said it would endeavor to resume the listing plan as soon as possible.
Despite the halt of listing plan, BYD is keeping expanding its semiconductor business deployment. Jinan BYD Semiconductor Co.,Ltd., whose majority shareholder is BYD Semiconductor, was set up on August 24 to engage in the manufacturing and sale of discrete semiconductors and semiconductor lighting devices, the manufacturing of electronic components, and the design of integrated circuit chips, and relevant services.
Aside from the Jinan-based one, BYD Semiconductor also has four wholly-owned subsidiaries, namely, Ningbo BYD Semiconductor, Guangdong BYD Energy Saving Technology, Changsha BYD Semiconductor, and Xi'an BYD Semiconductor.
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