Founded in January 2018, Anhui YOFC Advanced Semiconductor (also known as Changfei Advanced) focuses on the research, development and production of third-generation silicon-carbide (SiC) power semiconductors, offering a full series of SBD and MOSFET products that meet both industrial- and automotive-grade standards. Backed by major shareholder Yangtze Optical Fibre & Cable (YOFC), the company operates two production bases in Wuhu and Wuhan that together provide an annual capacity of 420,000 SiC wafers, putting it among the largest producers in China. The Wuhu line is already at full production, while the Wuhan line is slated to meet international reliability standards for EV main-drive chips upon ramp-up. Its devices are in mass production with Tier-1 automotive suppliers and leading customers in photovoltaics, energy storage, charging infrastructure and consumer electronics, and the firm also undertakes SiC wafer foundry and packaging services. By 2025 management plans to grow the team to more than 1,500 employees, release roughly 25 chip products, and bring an automated automotive-grade power-module line (300,000 modules per line) into operation. Prior to the latest financing, the company had secured an A round of over RMB 3.8 billion in June 2023, a record size for China’s third-generation semiconductor sector. The newly raised capital further strengthens its balance sheet for continued capacity expansion and technology development.

Total raised

$676M

Funding rounds

2

Latest round

Series A

Latest activity

Feb 2026