NCE Power to raise no more than RMB1.45 billion for projects including third-generation semiconductor power devices

Wuxi NCE Power announced on November 11 that the company intended to privately issue stocks with the capital raised of no more than RMB1.Asian Metal Copyright The net proceeds after deducting the issuance costs will be used for the RD and industrialization of third-generation semiconductor SiCGaN power devices and packaging and testing, RD and industrialization of power drive IC and intelligent power module IPM, RD and industrialization of SiCIGBTMOSFET and other power integrated modules including automotive grade as well as supplement to working capital.Asian Metal Copyright45 billion (USD227 million). The net proceeds after deducting the issuance costs will be used for the R&D and industrialization of third-generation semiconductor SiC/GaN power devices and packaging and testing, R&D and industrialization of power drive IC and intelligent power module (IPM), R&D and industrialization of SiC/IGBT/MOSFET and other power integrated modules (including automotive grade) as well as supplement to working capital.
.Asian Metal CopyrightWuxi NCE Power announced on November 11 that the company intended to privately issue stocks with the capital raised of no more than RMB1Asian Metal Copyright