Chinese SiC chipmaker Basic Semiconductor files for IPO amid AI data centre demand

Basic Semiconductor, established in 2016 by alumni from Tsinghua University and the University of Cambridge, has initiated the process for an IPO. This Chinese manufacturer is among the select few in the country that are fully integrated in producing silicon carbide (SiC) devices, overseeing everything from chip design to wafer fabrication and module packaging. The company's move to go public aligns with China's strategy to lead in next-generation SiC technology, alongside competitors like Silan Microelectronics and China Resources Microelectronics, which are also contributing to AI infrastructure. Analysts from UBS highlight that the global SiC market is currently facing an oversupply due to rapid expansion in Chinese production but anticipate that the shift to 800V architectures around 2027–2028 will help mitigate excess inventory, particularly as data centers adopt these technologies.