Yuze Semiconductor (Yunnan) Co

About Yuze Semiconductor (Yunnan) Co

Established in May 2019, Yuze Semiconductor (Yunnan) Co., Ltd., which now operates as Unigrace New Energy Co., Ltd., has positioned itself as a key manufacturer in the photovoltaic sector. The company was founded by a group of industry veterans and is controlled by Shanghai Xinronghe Industrial Group Co., Ltd. Its inception was marked by a registered capital of RMB 1.5 billion and a clear focus on advancing China's semiconductor landscape.

From its headquarters in Chuxiong, Yunnan, the company concentrates on the research, development, and manufacturing of N-type solar monocrystalline silicon rods and wafers. This specialization caters to a global client base of N-type HJT, IBC, and TOPCon cell customers. The business model is centered on producing and selling these high-purity, low-defect, large-size silicon wafers directly to manufacturers in the solar energy industry. These N-type wafers offer intrinsically higher efficiency and better performance at elevated temperatures compared to conventional P-type cells, leading to a lower levelized cost of energy for solar power plants.

A significant milestone was achieved in June 2023 when the company was recognized as a "Unicorn Enterprise in China 2022," making it the first company in Yunnan Province to receive this title. This followed substantial financial backing, including a B-round financing in late 2022 that raised over 1.2 billion yuan and brought the company's valuation to nearly 10 billion yuan. Investors include notable names such as the National Green Development Fund, Goldstone Investment, and SDIC Chuanghe.

Yuze Semiconductor's product portfolio includes a range of N-type monocrystalline silicon wafers in various sizes, including 182mm and 210mm, with capabilities to produce ultra-thin wafers down to 90-microns. The company's products fully cover the three main technology routes for N-type photovoltaic cells: HJT, TOPCon, and IBC. To meet growing demand, the firm operates four manufacturing bases in Chuxiong, Wenshan, Kunming, and Yichun, with ambitious plans for capacity expansion. The company's production capacity for N-type silicon wafers was projected to exceed 55GW by the end of 2024.