December 24, 2021，The application of Core Sea Technology (stock code: 688595) to issue convertible corporate bonds to unspecified objects was reviewed and approved by the Listing Committee of the Science and Technology Board of the Shanghai Stock Exchange，The raised funds for "Automotive MCU chip research and development and industrialization project"，It marks the comprehensive entry of Core Sea technology into automotive electronics。

Ease the contradiction between chip supply and demand

Reduce dependence on automotive chip imports

In recent years, China's automobile industry has developed vigorously, and the center of gravity of global automobile production is shifting to China。According to the statistics of the China Association of Automobile Manufacturers, as of the end of 2020, China's semiconductor self-sufficiency rate is 15%, of which the self-sufficiency rate of automotive chips is less than 5%, and the domestic alternative space is huge。

Automotive chip is an important component of automobile production, which is related to the core competitiveness of the national automobile industry。With the intensification of international trade friction, the low self-sufficiency rate of chips has become an important factor that may restrict the development of China's automobile industry in the future。Relevant government departments have realized the importance of realizing the autonomy and controllability of core supply chains such as chips as soon as possible, and have introduced a series of supporting policies。In this context, the "Automotive MCU chip research and development and industrialization project" of Xinhai Technology can increase the self-sufficiency rate of domestic automotive chips, reduce import dependence, and alleviate the current chip shortage problem to a certain extent, ensuring the long-term development of China's automotive industry。

Achieve business strategy extension

We will promote scientific and technological innovation

As a high-tech enterprise, Xinhai Technology has strong technical research and development strength, can quickly respond to the needs of downstream customers, and develop safe, reliable and stable quality products。Relying on high-precision ADC and high-reliability MCU technology, the company continues to introduce new products and solutions to expand the product application market。Xinhai Technology has been adhering to technological innovation, improve product quality and supply chain management level, the company's chip products have been widely used in high-end consumer, industrial, medical, automotive afterassembly and other markets, and won the recognition of customers。

In order to continue to consolidate and maintain the company's leading position in the full-signal chain chip market, the company further extends its products to the automotive electronics market, which will provide a strong impetus for sustainable development in the future。Automotive is an important application direction in the field of MCU technology, and the completion of the project can enhance the company's competitiveness in the field of MCU。Through the implementation of this investment project，It will further enhance the company's automotive MCU chip R&D and design capabilities and product sales，Related automotive electronics research and development personnel, research and development equipment and research and development sites will be increased，And improve the technical level and process route of the company's related products，Significantly increase the company's research and development strength and independent innovation ability in the field of automotive MCU chips，Increase the company's core competitiveness。"Automotive MCU chip research and development and industrialization project" is an important part of the company's strategic development, is based on the future development and maintain the company's scientific and technological innovation ability important measures, will effectively promote the company's scientific and technological innovation level。

Recently, the 2021 International Automotive Electronics Innovation and Development Forum was held in Shanghai, and Yuan Kun, senior marketing manager of Core Sea Technology, was invited to attend and give a keynote speech on "Signal chain MCU to Enhance the Automotive Electronics User Experience", sharing how Core Sea Technology empower the automotive industry with technological innovation。In the same round table forum, we will discuss the status quo, development trend and challenges and opportunities faced by local chip enterprises with guests on the spot。

In the current situation of the general lack of core in automobiles, the company's first vehicle gauge signal chain MCU has passed the AEC-Q100 certification at the end of last year and has been imported into the new product design of automobile front assembly enterprises。In addition, the company has reached a strategic cooperation with Germany Rheinland, hoping to ensure the functional safety of the chip through cooperation with Rheinland from chip design to process, supply chain, quality, system construction and other processes。

Core sea technology senior marketing manager Yuan Kun delivered a speech

At present, the high-performance signal chain MCU chip that has passed the full vehicle certification level can be applied to a variety of intelligent cockpit scenarios, so as to enhance the sense of science and technology and user experience of the cockpit, and is beginning to be imported into the product design of automotive front installation enterprises。In the next few years, Xinhai Technology will continue to strengthen the research and development of automotive electronic products and quality system construction, and a full series of high-function safety vehicle MCU products will be put into the market one after another。