January 17, 2019
Announcing the Grand Opening of Silicon Power Technology
Industry Luminary David French and Silicon Valley’s Silicon Catalyst partner to launch Incubator for Power Semiconductor Startups
Chengdu, Sichuan Province, China - Today marks the official opening of Silicon Power Technology, an incubator established to identify and nurture China’s most promising power semiconductor companies. Silicon Power Technology is located in the Chengdu High Technology District, based in a newly established incubation center with capacity for up to 20 startup companies in the 2,400 square meter office space. The Silicon Power Technology Incubator offers qualified startup teams and early stage companies comprehensive In-Kind Partner (IKP) and advisory services spanning new materials, design, foundry, packaging & test, technical and marketing planning, sales as well as financing and administrative support.
The Silicon Power Technology management team includes:
David French - Silicon Power Technology Chairman and semiconductor industry luminary with more than 40 years of experience in the analog semiconductor market and extensive expertise working with high-technology companies and investors based in China
Jesse Parker - Silicon Power Technology General Manager and China veteran with more than 25 years of experience living and working in China, focused on semiconductor investment and the development of early stage companies.
“The China semiconductor market in general, and the power semiconductor market particularly, is accelerating at a very fast pace. Investment in new fabs is at an all-time high. Despite this, the development and training of talented technologist and semiconductor business management lags the market. Our partnership with Silicon Catalyst will allow us to leverage their successful incubation model for startups in China” stated David French. “The Silicon Power Technology mission is to provide a complete ecosystem to support, encourage, train and motivate the most talented power semiconductor entrepreneurs and startup companies to achieve market success.”
The Power Semiconductor sector is a critical sector for China’s overall growth in multiple markets, including the New Energy automotive sector, the continued development of high-speed trains and subways, the expansion of the country’s power distribution network and the continued development of the consumer white goods and enterprise industrial sectors. “The long-term objective is to combine our Silicon Power Technology’s incubator with Chengdu’s UESTC PITEL power semiconductor expertise to form an innovation cluster for power semiconductors, with both national and international recognition,” stated Jesse Parker.
Silicon Power Technology Details
The Silicon Power Technology incubation process is based on the successful model pioneered by Silicon Catalyst LLC, a Silicon Valley incubator that has been working with early-stage semiconductor startups since 2015. The Silicon Catalyst incubator is solely focused on “Solutions in Silicon”, combining key semiconductor industry vendors, strategic partners, investors and advisors, creating a robust ecosystem to assist in transforming technical concepts and prototypes into successful businesses.
“We are extremely pleased to partner with Silicon Power Technology and their world-class team as they utilize our successful incubation process to foster startups in China. The opportunities for innovation are significant in the critical area of power semi’s, especially for consumer, industrial and automotive applications,” stated Pete Rodriguez, CEO of Silicon Catalyst.
Silicon Power Technology will screen startups for admission to the incubator after review by the Portfolio Review Board (PRB). The PRB will evaluate the startup’s plans on a number of aspects: Team Quality, Differentiated Technology, Market Opportunity and Financial Return. Start-ups accepted to the Incubator will typically be admitted for a 24-month period, gaining access to the Silicon Power Technology’s IKPs and advisor network.
Silicon Power Technology has established strategic partnerships with a variety of organizations to create a powerful network of In-Kind Partners. The initial list of IKPs include:
China Resources Microelectronics (CRM) for foundry, testing and packaging support
Cadence Design Systems for leading-edge electronic design automation tools
Silvaco for power-specific design automation tools (TCAD, SiC, GaN)
UESTC PITEL for technology advice and support
HiWAFER for GaAS and GaN foundry support
Chengdu ICC Service Center for testing and rapid packaging services
Shanghai ZiXin Semiconductor for Marketing and Sales support
China Merchants Bank for banking services and TaiHeTai Law Firm for legal services
“CRM is very excited to partner with Silicon Power Technology. We value the opportunity to identify and work with the most promising startup teams in the power semiconductor sector. CRM’s partnership includes providing foundry services and technology advice to Silicon Power Technology’s portfolio companies.”, said Mr. Chen NanXiang, Executive Vice Chairman of CRM.
Strategic Advisors include (among others) China semiconductor industry experts, including:
David French, Chairman Silicon Power Technology Ltd and GaoZhan Consulting Ltd
Professor Zhang Bo, UESTC PITEL and Silicon Power Technology Technology Advisory Board Chairman
Pete Rodriguez, CEO Silicon Catalyst
Professor Ye Tianchun, Microelectronics Institute, Chinese Academy of Sciences
Mr. Chen NanXiang, CRM Executive Vice Chairman
Mr. Huang Xueliang, General Partner Hong Tai Investment Fund
Mr. Gao Nengwu, CEO HIWAFER
Mr. Zhang Jingyang, Mooreelite.com CEO
“The establishment of Silicon Power Technology’s power semiconductor incubator provides entrepreneurs a comprehensive base from which to develop their startup companies. We are excited that such a platform has been established in Chengdu to promote Chengdu as a power semiconductor development center in China.”, said Professor Zhang Bo.
Silicon Power Technology Portfolio Companies Announced at Grand Opening
The Silicon Power Technology PRB has been actively screening a number of early-stage startups and is pleased to announce the first two companies accepted for admission to the Incubator:
Chengdu Blue Silicon Technology Ltd – Blue Silicon Technology designs and sells competitive MOSFET and IGBT products designed by its engineering team and its supply chain partners.
AmagincTech Ltd – Founded by a talented engineering team, AmagicTech will design and sell analog chipsets for the battery management sector.
About Silicon Power Technology
Silicon Power Technology is a Sino-foreign joint venture company based in Chengdu, Sichuan Province, China. Established in August, 2018, Silicon Power Technology’s power semiconductor incubator identifies and supports the most promising power semiconductor teams and early stage companies. Silicon Power Technology’s comprehensive power semiconductor ecosystem is comprised of essential domestic and international partners aligned to assist its companies. Silicon Power Technology welcomes promising startup and early stage teams and companies to apply for admittance to its incubator. More information can be found at www.sipowervalley.com.
Silicon Power Technology
Jesse Parker – Silicon Power Technology General Manager
About Silicon Catalyst
It’s About What’s Next® - Silicon Catalyst is the world’s only incubator focused exclusively on accelerating solutions in silicon, building a coalition of in-kind and strategic partners to dramatically reduce the cost and complexity of development. Close to 300 startup companies have engaged with Silicon Catalyst since April 2015, with a total of 21 startup and early-stage companies admitted to the incubator. With a world-class network of mentors to advise startups, Silicon Catalyst is helping new semiconductor companies address the challenges in moving from idea to realization. The incubator/accelerator supplies startups with a path to design tools, silicon devices, networking, access to funding, banking and marketing acumen to successfully launch and grow their companies’ novel technology solutions.