BYD Semiconductor Valuation, Funding & Investors

BYD Semiconductor is valued at $1.3B as of June 2020.

Last BYD Semiconductor valuation

$1.3B

Series A · Jun 2020

Last BYD Semiconductor funding round

$113M

Series A · Jun 2020

Cumulative funding BYD Semiconductor raised

$381M

across 2 funding rounds

Key investors in BYD Semiconductor

  • Hua Ventures
  • HSG
  • Xiaomi
  • Lenovo Capital and Incubator Group (LCIG)
  • CICC
  • CMB International Capital Corporation

BYD Semiconductor Overview

About BYD Semiconductor

BYD Semiconductor is a Chinese producer of power management and sensor chips based in Shanghai. It manufactures MOSFETs, IGBTs, battery management systems, image sensors, and touch controllers for automotive, consumer, and industrial applications. As a BYD Company subsidiary, it supplies components for electric vehicles and power electronics.


Founded

2004

HQ

ChinaShenzhen

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Valuation

$1.3B (Jun 2020)

BYD Semiconductor Valuation

BYD Semiconductor is currently valued at $1.3B, based on its Series A in June 2020.

The $113M round included SMIC, BAIC Capital, Shenzhen V&T Technologies, Xiaomi, Country Garden Holdings and 6 other investors.

BYD Semiconductor's valuation has moved from $1.3B at its Series A in May 2020 to $1.3B in June 2020, across 2 priced rounds.

BYD Semiconductor valuation by funding round

BYD Semiconductor valuation by funding round
DateStageValuation
Jun 2020Series A$1.3B
May 2020Series A$1.3B

BYD Semiconductor Funding History

BYD Semiconductor has raised a total of $381M across 2 funding rounds.

BYD Semiconductor's first fundraising round was a $268M Series A in May 2020. The most recent completed round was a $113M Series A in June 2020.

BYD Semiconductor funding rounds

BYD Semiconductor funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2020Series ASMIC; BAIC Capital; Shenzhen V&T Technologies; Xiaomi; Country Garden Holdings; CITIC; Lenovo Capital and Incubator Group (LCIG); CMB International Capital Corporation; Hua Ventures; Arm China; INVT Industrial Technology$113M$1.3BBYD Semiconductor, the chipmaking subsidiary of Chinese electric vehicle giant BYD Co., specializes in power semiconductors including IGBTs, dubbed the 'CPU of electric cars,' crucial for EV power efficiency and reliability. Spun off as an independent entity in early 2020 ahead of a planned public listing, it held an 18% share of China's EV IGBT market in 2019, trailing Infineon at 58%. The company produces gauge-grade IGBTs with 50,000 wafers monthly capacity in 2020 and supplies SiC power modules for BYD's flagship Han EV, achieving 97% efficiency. In May 2020, BYD Semiconductor closed a 1.9 billion CNY Series A round from 14 investors including Sequoia China and CICC Capital, who acquired 20.12% equity at a pre-money valuation of 7.5 billion CNY. Just 20 days later, around June 15, it raised 800 million CNY ($113 million) in a heavily oversubscribed Series A+ round from 30 strategic investors matching the query: Arm China, BAIC Capital, CITIC Limited, CMB International Capital Corporation, Country Garden Holdings, Hua Ventures, INVT Industrial Technology, Lenovo Capital and Incubator Group (LCIG), Semiconductor Manufacturing International (SMIC), Shenzhen V&T Technologies, Xiaomi, and others like SK Group. This round granted 7.84% equity. Post A+ round, BYD Co. retained a 72.3% stake, with the subsidiary's post-money valuation reaching 10.2 billion CNY ($1.44 billion), up from about 9.45 billion CNY pre-A+. Funds supported working capital, asset purchases, hiring, and R&D to scale IGBT and SiC production amid chip shortages and EV self-sufficiency goals. The rounds positioned BYD Semiconductor for a Shenzhen GEM listing application in July 2020, later paused.
May 2020Series AXiamen Han’er Qingya Investment; Shenzhen Yidun Media Investment Fund; Unicom Zhongjin Innovative Industry Equity Investment; CICC; Advanced Manufacturing Industry Investment Fund; Shenzhen AVIC Kaisheng Auto Semiconductor Investment; Qilu (Xiamen) Equity Investment; Hua Ventures; Himalaya Capital Investors; HSG; Shenzhen Xindixin Investment$268M$1.3B-

Who has invested in BYD Semiconductor?

21 investors have backed BYD Semiconductor across its funding rounds, including Hua Ventures, HSG, Xiaomi, Lenovo Capital and Incubator Group (LCIG), CICC and CMB International Capital Corporation.


BYD Semiconductor Investors

Investors in BYD Semiconductor by funding rounds participated
InvestorHQRoundsRoleFirst check
Hua VenturesChinaShenzhen2ParticipantMay 2020
SMICChinaShanghai1ParticipantJun 2020
BAIC CapitalChinaBeijing1ParticipantJun 2020
Shenzhen V&T TechnologiesChinaShenzhen1ParticipantJun 2020
Xiamen Han’er Qingya InvestmentChinaXiamen1ParticipantMay 2020
XiaomiChinaBeijing1ParticipantJun 2020
Country Garden HoldingsChinaChina1ParticipantJun 2020
Shenzhen Yidun Media Investment FundChinaShenzhen1ParticipantMay 2020
Unicom Zhongjin Innovative Industry Equity InvestmentChinaShenzhen1ParticipantMay 2020
CICCChinaBeijing1ParticipantMay 2020
Advanced Manufacturing Industry Investment FundChinaShanghai1ParticipantMay 2020
CITICChinaHong Kong1ParticipantJun 2020
Lenovo Capital and Incubator Group (LCIG)ChinaBeijing1ParticipantJun 2020

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BYD Semiconductor Competitors

BYD Semiconductor competitors include listed companies like POET Technologies, Wolfspeed, Parade Technologies and Koh Young, and private ones like XLMEC and SmartMore Corporation Limited.

Public and private companies comparable to BYD Semiconductor
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
POET TechnologiesCanadaCanadaPublicly listed$1M($60M)$1.3B106.5x
XLMECChinaChongqingPrivate--$1.3B-
WolfspeedUnited StatesUnited StatesPublicly listed$758M($1.1B)$1.3B3.0x
Parade TechnologiesChinaChinaPublicly listed$519M$109M$1.3B1.9x
Koh YoungSouth KoreaSouth KoreaPublicly listed$169M$21M$1.4B5.9x
SmartMore Corporation LimitedChinaShenzhenPrivate$150M-$1.2B8.0x

BYD Semiconductor Public Comps

BYD Semiconductor is still privately-owned, but its public comps include POET Technologies, Wolfspeed, Parade Technologies, Shenzhen Q and D Circuits, Koh Young, Elan Microelectronics, Via Technologies, Netac Technology Co, Axera Semiconductor and Supreme Electronics.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
POET Technologies$1M($60M)475.5x106.5x(8.6x)-
Wolfspeed$758M($1.1B)2.6x3.0x(1.8x)59.7x
Parade Technologies$519M$109M2.0x1.9x9.4x9.8x
Shenzhen Q and D Circuits$142M$27M9.2x-49.0x-
Koh Young$169M$21M7.5x5.9x60.1x31.1x
Elan Microelectronics$387M$97M2.9x2.9x11.5x11.2x
Via Technologies$300M($2M)2.0x2.0x(296.7x)31.4x
Netac Technology Co$185M$6M6.1x-197.6x-

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Common questions about BYD Semiconductor

When was BYD Semiconductor founded?BYD Semiconductor was founded in 2004.
Where is BYD Semiconductor headquartered?BYD Semiconductor is headquartered in Shenzhen, China.
Is BYD Semiconductor publicly listed?No, BYD Semiconductor is a private, VC-backed company.
What is BYD Semiconductor's valuation?BYD Semiconductor was last valued at $1.3B in its Series A in June 2020.
How much funding has BYD Semiconductor raised?BYD Semiconductor has raised $381M across 2 funding rounds.
What was BYD Semiconductor's last funding round?BYD Semiconductor's last funding round was a $113M Series A in June 2020.
Who are BYD Semiconductor's investors?BYD Semiconductor's investors include Hua Ventures, SMIC, BAIC Capital, Shenzhen V&T Technologies, Xiamen Han’er Qingya Investment, Xiaomi, Country Garden Holdings, Shenzhen Yidun Media Investment Fund, Unicom Zhongjin Innovative Industry Equity Investment, CICC and 11 others.
Which companies are comparable to BYD Semiconductor?Companies comparable to BYD Semiconductor include POET Technologies, XLMEC, Wolfspeed, Parade Technologies, Koh Young and SmartMore Corporation Limited.

See companies similar to BYD Semiconductor

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