NCE Power is a leading domestic power semiconductor company, primarily producing MOSFETs and IGBTs, covering a full voltage range from 12V to 1700V, with over 3000 product variants!
Its technology is comparable to international giants, such as shielded gate MOSFETs and super junction MOSFETs, which are used in high-end applications like photovoltaic inverters, electric vehicle controllers, and AI server power supplies, gradually replacing imported products.
Additionally, it is also laying out plans for third-generation semiconductors, such as SiC and GaN devices, some of which have already been sold on a small scale.
In terms of customers, all models of BYD and 80% of domestic photovoltaic terminal suppliers use its products, and it has a close collaboration with foundries like Hua Hong Semiconductor.
The reasons for NCE Power’s benefits can be summarized in three points: Technical substitutability: Nexperia’s Nanjing factory originally dominated automotive-grade MOSFETs (such as 40V-250V products). If exports are restricted, NCE’s super junction MOSFET technology, which is domestically leading, can take over some of the orders. Capacity synergy: Both NCE and Nexperia’s Nanjing factory have laid out BCD processes (used for power management chips), with technical overlaps. When Nexperia’s capacity fluctuates, NCE can quickly fill the gap. Customer overlap: Both serve clients like Huawei and Xiaomi. If there are supply chain issues with Nexperia, customers may accelerate the adoption of NCE’s products. Currently, the correlation between NCE and Nexperia is around 15%-20%. If geopolitical conflicts escalate, the substitution space will be even larger.
NCE’s collaboration with Wingtech Technology (through Nexperia) mainly focuses on three aspects: Supply chain complementarity: NCE’s power semiconductors can help Nexperia fill the domestic gap in automotive-grade chips; Technical synergy: For example, combining super junction MOSFETs with BCD processes to develop highly integrated modules; Customer sharing: Wingtech’s resources in consumer electronics and automotive clients can help NCE enter the market faster.
The impact on domestic power semiconductor companies like NCE:
Short-term substitution opportunities: Nexperia has a large share of automotive chips, and the export ban may lead companies like BYD to turn to NCE’s super junction MOSFETs and Silan Micro’s IGBT modules.
Acceleration of technological independence: After the takeover of Nexperia’s Dutch R&D center, domestic third-generation semiconductors (such as China Resources Micro’s SiC production line) may receive more policy support.
Geopolitical risk warning: The incident highlights that “equity ≠ technology control,” and domestic companies need to strengthen their supply chain closure.
Market structure reshaping: Europe may raise technical barriers, but China could retaliate with rare earths or force EU companies to seek technological compromises.
Severe statement: This public account only shares information and does not provide guiding advice. Any actions taken based on this are at your own risk.