Xinlian Integrated Circuit raised funds through IPO to accelerate the development of silicon carbide device manufacturing business

In 2023, Xinlian Integrated Circuit successfully landed on the Science and Technology Innovation Board with a market value of 42.6 billion yuan. In November of the same year, the company split its silicon carbide business and raised funds independently, attracting a number of industry investors including Xiaopeng Motors. This move aims to provide more financial support for the silicon carbide device manufacturing business and work closely with the industry.