Zhuhai Gallium Future Technology Co. Ltd. (Zhuhai, China), which trades as GaNext, has completed a Series A+ round of financing of nearly 100 million yuan (about US$15 million).
This brings the amount raised by the company since its establishment at the end of 2020 to more than 200 million yuan (about US$30 million).
The latest tranche of funds will be used for the development of GaN power chips. These chips will join 650V chips on mature technology that have achieved mass production and sales.
GaNext, led by CEO Wu Yifeng, plans to develop chips for mobile phones, computers, fast charging applications.
Wu Yifeng said: “GaN power devices have broad application prospects in the fields of consumer electronics, communications, data centers, lighting, home appliances, servo motors, photovoltaics, new energy vehicles and power systems, and 80 to 90 percent of the global power semiconductor applications and manufacturing are in China.”
Wu Yifeng is an IEEE Fellow with 26 years of experience. He served as device scientist at Cree and then was a senior vice president at Transphorm. Under his leadership, GaNext developed and mass-produced GaN switching device products suitable for 30W to 120W power adapters in 2021, which are mainly used in mobile phone/notebook fast charging.
The company is designing chip for 140W, 200W, and 330W power supply applications this year.
GaNext plans to adopt a cascade structure design scheme in the future, and connect a normally-off low-voltage MOSFET in series with the source end of the normally-on GaN device to realize an enhancement-mode device.
Zhuhai Gallium Future Technology Co., Ltd. was established in October 2020. It is committed to the research and development, design and production of high-end GaN power devices, and provides customers with higher efficiency, smaller size and lower cost GaN-on-silicon device products. and overall solution. GaNext has established partnerships with Transphorm Inc. and Ganovation (a joint venture between JCP Capital and Transphorm) to enable the rapid expansion of GaN power electronics in the Chinese market.
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