On the morning of May 25, 2020, Sun Shuo, deputy secretary of the Xicheng District Committee and district mayor of Beijing, and his party went to the headquarters of Sai Microelectronics to investigate and guide the work. Saiwei Electronics Chairman Yang Yunchun, Director and General Manager Zhang Yunpeng and other company leaders gave a warm reception and organized talks. Chairman Yang Yunchun extended a warm welcome to the visit of Sun Shuo and his party, and introduced the transformation and development history of Sai Microelectronics, the current status of its main business and the resumption of work and production of its subsidiaries at home and abroad.
In recent years, through endogenous development and epitaxial mergers and acquisitions, Sai Microelectronics has gradually formed two main types of business: semiconductors and special electronics. In the semiconductor business, the company focuses on MEMS and GaN as its strategic business, with the company's MEMS business accounting for more than 70% of revenue in 2019, which plays a decisive role in the company's future development. At the end of December 2019, Saiwei Electronics and the National Integrated Circuit Industry Fund jointly invested in the "8-inch MEMS International OEM Line Construction Project" in Beijing to achieve equipment move in, since the outbreak of the epidemic, the construction progress of the project has been affected by many aspects, but the company efforts to overcome various difficulties, to achieve the continuous promotion of production line construction. Up to now, the construction of the project is nearing completion, the plant equipment and the process equipment required for the first phase of production capacity have been purchased and moved into the plant, and it is expected to be put into production in the third quarter of 2020.
In addition, the company's GaN business has also made rapid progress. In September 2019, the company's GaN epitaxial wafer production line was put into production and is being supplied to internationally renowned manufacturers for verification. In April 2020, the company successfully developed 650 V series GaN power device products and released PD fast charging application examples based on this series of GaN power devices, providing high-performance and cost-effective domestic technical solutions for the GaN fast charging field, which is currently in strong demand. Recently, Sai Microelectronics set up a subsidiary in Beijing to focus on the construction of independent GaN microwave and power device production lines, in order to fully layout the GaN business.
After the outbreak, the company quickly set up an epidemic prevention leading group led by the chairman of the board, the company's senior management on duty 24 hours a day, timely decision-making and handling of important issues, in strict accordance with the requirements of superior units to organize employees to return to work, return to work, to carry out high standards of epidemic prevention work, so far the company's employees inside and outside Beijing no infection.
Sun Shuo District Chief praised Sai Microelectronics for its steady business development model and affirmed the company's efforts and achievements in epidemic prevention and safe resumption of work. District Mayor Sun Shuo emphasized that the current artificial intelligence and the Internet of Things are major development trends. With the gradual development and landing of the Internet of Things ecosystem, I hope that Sai Microelectronics can continue to conduct in-depth exploration based on its own development advantages, and at the same time continue to strengthen the internal management of the company. Strive to become a unique industry representative.
Regarding the many problems encountered by the company in the development, the district mayor Sun Shuo also said that the district party committee and district government will continue to give full play to its organizational and service advantages, and give Sai Microelectronics full support in terms of corporate capital operation, capital subsidies, and talent incentives., To create a better development environment for enterprises and provide maximum support.
Chairman Yang Yunchun expressed his gratitude to the district party committee and district government for their in-depth on-site visits and guidance during the epidemic prevention and control period, and said that Saiwei will continue to fulfill its corporate mission, seize the development opportunities of the times, and strive to become an industry-leading international technology enterprise group; the company will also actively integrate into the construction of Xicheng District, strive to complete various tasks, and make greater contributions to the high-quality development of Xicheng District and the capital.
Accompanying the survey were Nie Jieying, Deputy District Mayor of Xicheng District, Sang Borfei, Director of District Government Office, Wang Qizhi, Director of District Development and Reform Commission, Ma Hongping, Director of District Finance Bureau and Executive Deputy Director of Xicheng Park Management Committee, and Yang Qing, Deputy Director of Beijing Financial Street Service Bureau.