SiC Wafer Venture UJ-Crystal Raises 430 Million Yen in Share Allotment
The funding targets the bottleneck of p-type SiC substrate wafers, which the company says hinder next-generation power systems needed to address AI-driven electricity demand.
Reporting from 1 source: ASCII.jp.
UJ-Crystal, a Nagoya University venture developing ultra-high-voltage p-type SiC semiconductor wafers, raised 430 million yen through a third-party share allotment with SBI Investment, Kyoto University Innovation Capital, and others. The company is considering an additional 570 million yen upon reaching milestones toward year-end.
UJ-Crystal, a Nagoya University venture, has raised 430 million yen through a third-party allotment of shares. Subscribers include SBI Investment, Kyoto University Innovation Capital, and Regional, People, and Future, along with other institutional and individual investors.
The company is considering an additional 570 million yen in fundraising, possibly including further investment from some initial investors, if it meets certain milestones toward the end of the year.
The funds will accelerate development of wafers for ultra-high-voltage p-type SiC substrates using solution method crystal growth. The company cites a global issue where renewable energy equivalent to about 3,000 nuclear power plants cannot be transmitted, requiring innovation in power systems such as HVDC, STATCOM, and SST.
Synthesized by Yomimono from the 1 cited source below, including Japanese-language reporting where cited, then editorially reviewed before publishing.