The grand opening ceremony of Silicon Power Technology has come to a successful conclusion.
Silicon Power Technology, an incubator dedicated to identify and nurture China’s power semiconductor companies is announcing its grand opening on Jan. 17, 2019!
Silicon Power Technology is a sino-foreign joint venture based in Zone E of Tianfu Software Park in Chengdu, Sichuang 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. PT’s comprehensive power semiconductor ecosystem is comprised of essential domestic and international partners aligned to assist its companies.
It is reported that Silicon Power Technology is located in a newly established incubation center in Chengdu hi-tech District 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.
Silicon Power Technology’s core management includes David French and Jesse Parker.
David French is the chairman of Silicon Power Technology. He is a 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 is the General Manager of Silicon Power Technology. He is a 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. As an American, Jesse Parker can speak fluent Chinese.
‘I have been working and living in China for 25 years. One year ago, we had an intention to set up an incubator that supports power semiconductors. As an elder American, why would I want to do this? The answer is because China lacks semiconductor talent, for which we are working. It won’t take long to build a factory or a building, but everything loses its meaning without the talent’s participation. We hope that in one year, we can bring up dozens of excellent teams. At present, Chengdu Hi-tech South District is very distinctive and plays an important role in Chengdu's high-tech industry. In the future, we also expect the development in the high-tech West District. In addition to power semiconductors, we will develop an Analog team soon. Our long-term goal is to form a power semiconductor innovation cluster that is recognized at home and abroad based on the combination of the incubator of the company and the expertise of the Chengdu University of Electronics Power Integration Technology Laboratory,’ said Jesse Parker at the opening ceremony.
‘It’s a happy day. Starting today, we are jointly advancing to our dream of creating a better China’s semiconductor industry. China’s semiconductor market, especially the power semiconductor market is growing fast, with investment in new fabs reaching record levels. However, the training of technical experts and semiconductor enterprise management still lags behind the development of the market. Our partnership with Silicon Catalyst allows us to apply their successful incubation model to start-up companies in China. The mission of the company is to provide a comprehensive ecosystem that supports, encourages, nurtures and inspires the most talented semiconductor entrepreneurs and start-ups to help them succeed with maximum efficiency. I admire Silicon Valley's development of semiconductor model, especially in terms of investment and financing models and experience. I believe it will also work in China. Through our efforts, and after cultivating good talents, the great amount of money invested by the government will be well rewarded,’ said David French.
‘The electronic information industry in Chengdu High-tech District ranks among the best in the country and has a good cluster effect. However, while achieving results, there are also shortcomings. Although the industry scale is large, the overall quality has yet to be improved. We have developed well in semiconductor packaging and testing, but it is still weak in manufacturing. With the development of the industry, the importance of talents is becoming more and more prominent, and what Silicon Power Technology is doing is the very meaningful thing, like “watering the flowers”, which can make the industry more systematic and chained, and it will play an important role in the formation of the ecological circle. For us, power semiconductors are a sunrise industry, especially with the further development of automotive electronics, power semiconductors will have much to do in the future. In terms of the construction of the industrial function District in Chengdu, the living environment in the southern district is relatively better, and the western district has schools and industrial resources such as the University of Electronic Science and Technology. What we are focusing on is how to transform the achievements of the school into the industry, and let everyone be willing to settle in the western district. Therefore, we are building supporting infrastructures and communities in the Western District to hold more people in the Western District,’ said Jiangbo Li, the director of Electronic Information Bureau of Chengdu High-tech District.
‘With regard to the joint founding of the company, Jesse and I have reached a consensus in less than one year. The University of Electronic Science and Technology has many advantages and achievements in power semiconductors. China is a big power semiconductor consumer, but none of the top ten power semiconductor companies in the world is from China. We need a large number of imported power devices every year. Under such circumstances, it is our mission and my dream as well to figure out how we semiconductor people do to improve China’s power semiconductor industry. Jesse, an American, is willing to base in China for the semiconductor industry, which is a warm kindness for the tense China and U.S. relation. We, the local semiconductor people should make more efforts,’ said Professor Zhang Bo, Director of Power Integration Technology Laboratory of the University of Electronic Science and Technology of China.
‘Silicon Catalyst is an incubator focused on "silicon solutions" that builds in-kind and strategic partner alliances that dramatically reduce development costs and complexity. Since April 2015 in Silicon Valley, more than 250 startups have established partnership with Silicon Catalyst. With a world-class network of semiconductor experts and advisors for startups, Silicon Catalyst is helping startups meet the challenge from creative concept to product realization. Incubators/accelerators provide start-ups with access to facilities, funding, tools, resource networks and marketing strategies to help them successfully launch new technology solutions. Our strategic investors include TI, ON Semiconductor, and etc. We have more than 100 investment consultants in Silicon Valley and more than 80 investment institutions. In China, we are expanding our cooperation with universities like the University of Electronic Science and Technology. In the future, we will work closely with David French and Jesse to replicate the successful experiences of Silicon Valley and our company to China,’ said Pete Rodriguez, CEO of Silicon Catalyst.
‘The Institute of Microelectronics of the Chinese Academy of Sciences (IMCAS) is willing to further cooperate with Silicon Power Technology to promote the development of China's power semiconductor industry,’ said Tianchun Ye, the Director of IMCAS, in the congratulation video for Silicon Power Technology’s opening ceremony
‘We admire the business model of Silicon Power Technology, which is different from the general incubator and is looking forward to its future development. We expect more incubated partners for China Resources Microelectronics. We are based in Wuxi, but we have also introduced and invited many talents in Chengdu. We sincerely hope that Silicon Power Technology can incubate more outstanding companies,’ said Wilson Yu, VP of CRM and General Manager of CSMC.
It is reported that after the approval of the Portfolio Review Board (PRB), Silicon Power Technology will screen the startups for the qualified ones into the incubator. PRB will evaluate startups in terms of team quality, differentiated technology, market opportunities and financial returns. Typically, the portfolio companies will be incubated for 24 months with the access to the services provided by IKP (In-Kind Partners) and the network of advisors.
Silicon Power Technology has established strategic partnerships with many organizations and created a strong network of In-Kind Partners. The current IKP include:
China Resources Microelectronics (CRM) for foundry, testing and packaging support
Cadence Design Systems, Inc for leading-edge electronic design automation tools (EDA)
Silvaco, Inc for power-specific design automation tools
UESTC PITEL for technology advice and support
HiWAFER for GaS 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 and TaiHeTai Law Firm for banking and legal services
At the opening ceremony, China Resources Microelectronics and Silicon Power Technology had a signing ceremony to strengthen the strategic cooperation relationship between the two parties.
At the opening ceremony, Jesse Parker was very excited. ‘I am excited. We establish Silicon Power Technology to cultivate talents and impart our experience to the young. China imports a large number of chips every year, and this is a big business opportunity for us. We can make good profit, and what’s more, we can cultivate more young talents, which will be our greatest honor and achievements,’ said Jesse Parker.
‘I have been more than excited in the past 24 hours. I saw a group of Americans coming to China to develop China’s power semiconductor industry, which prompted us to work harder. Clever people never make small money, and huge opportunities usually come from the most difficult work. I sincerely hope that Silicon Power Technology can make money in China, which shows that China’s power semiconductors have risen. The IC industry is the most promising in China. I wish you success. I wish China Semiconductor a success!", said Wei Dong, MooreElite’s COO at the welcoming dinner.