Chinese SiC Manufacturer Basic Prepares for Public Debut Amid National Push for Tech Dominance

Founded in 2016 by graduates from Tsinghua University and the University of Cambridge, the firm is one of China’s few fully integrated device manufacturers in the SiC space, specialising in everything from chip design and wafer fabrication to module packaging. Basic’s expected public debut underscores a broader national push to dominate the next phase of SiC technology. The firm joins peers like Silan Microelectronics and China Resources Microelectronics in a rush to supply next-generation AI infrastructure amid soaring demand. While UBS analysts said that the global SiC market was currently oversupplied, largely due to aggressive capacity expansion by Chinese firms, they said the transition to 800V architectures in 2027 and 2028 would help absorb some of the excess inventory, supported in part by adoption of the technology by data centres.