It is reported that BYD Semiconductor has completed the internal restructuring, equity incentive, the introduction of strategic investors and other work, on this basis byd Semiconductor will actively promote the listing of related work.

Following a 1.9 billion yuan financing round at the end of May, including Sequoia Capital, CICC Capital and China Investment Corporation Innovation Lead, BYD Semiconductor reintroduced new strategic investors.A few days ago, BYD announced that its holding subsidiary BYD Semiconductor introduced strategic investors through capital and share expansion, with a total of 30 war capital investment totaling 800 million yuan.

     The strategic investors this time include a total of 30 companies such as Asc (China) Enterprise Management, Xiaomi Changjiang Industry Fund, Lenovo Changjiang Technology Industry Fund, etc. According to the pre-investment valuation of 7.5 billion yuan, the investors plan to increase the total investment of 800 million yuan to BYD Semiconductor, which will obtain 7.84% shares of BYD Semiconductor after the capital increase and share expansion.

     Byd semiconductor said the capital increase will be used entirely for its main business, including replenishing working capital, buying assets, hiring staff and research and development, as well as other purposes approved by investors.Byd Semiconductor will actively carry out technical and business exchanges with this round of investors, make full use of industrial resources held by strategic investors, strengthen the development of BYD semiconductor third-party customers and cooperation project reserves.At the same time, BYD semiconductor capital and share increase this round will also be conducive to the expansion of its capital strength, capacity expansion, accelerated business development, all-round strengthening of its talent competitive advantage and product research and development capabilities.

     At present, BYD Semiconductor has completed the internal restructuring, equity incentive, the introduction of strategic investors and other work, on this basis, BYD Semiconductor will actively promote the listing of related work, in order to build an independent capital market operation platform, improve the company's independence, help business development and growth.

     In addition, byd semiconductor said, considering the future of byd semiconductor business resources integration and cooperation, byd plans to continue to introduce semiconductor Korea SK group, millet, ZhaoYin international, lenovo group, citic, thick foundation, the core juyuan, saic, Beijing auto production shots, shenzhen huaqiang, blue ocean China, British witten and other strategic investors.