On May 4, Shanghai Bright Power Semiconductor Co.Ltd(688368) ( Shanghai Bright Power Semiconductor Co.Ltd(688368) . SH) announced the global launch of the company's self-developed 10 phase digital control power management chip bpd93010 (hereinafter referred to as "the chip"), which is mainly used for power supply of high-power computing chips such as CPU, GPU and AI, and can be widely used in industries such as PC, server, data center, base station and automatic driving.
Technically, the chip supports the native 1-10 phase buck controller and adopts digital control to realize small package (QFN 5 5), so as to seize the market opportunity in the field of low-voltage, high current, polyphase and high-power power power management and computing in China. The chip has achieved a leap from single-phase to multi-phase and from analog control to digital control in China. Since then, the high current technology has stepped up to the order of 1000A and won the "pearl on the crown" in the field of DC-DC.
With the development of the information and Internet era, 5g, artificial intelligence, metauniverse, cloud computing, automatic driving and other application fields have higher and higher requirements for the computing power of the core processor CPU, GPU and AI. The current demand of the core processor is more than 1000A, and the demand for DC-DC polyphase power management chips with high wattage, high efficiency, high density and high frequency is rising sharply.
According to Frost & Sullivan statistics, in 2020, China's power management chip market exceeded 80 billion yuan, accounting for about 35.9% of the global market share. In the next few years, with the application expansion of domestic power management chips in emerging fields such as household appliances, 3C, high-performance computing and new energy vehicles, it is expected that the market scale of domestic power management chips will still grow rapidly. It is estimated that from 2020 to 2025, China's power management chip market will grow at a compound annual growth rate of 14.7% and reach a market size of US $23.45 billion by 2025.
At present, the market of high current DC-DC power chips used in the field of CPU / GPU is completely occupied by foreign competitors Infineon, Ti, MPs, etc., and no domestic manufacturers have entered the market for the time being Shanghai Bright Power Semiconductor Co.Ltd(688368) this chip product has filled the gap in China to a certain extent.
According to the company's 2021 annual report, the AC-DC power chip business has become the fastest growing business of the company. The annual shipment volume is about 214 million, with a year-on-year increase of 308.11%. The annual sales volume is 857804 million yuan, with a year-on-year increase of 651.94%, accounting for 3.73% of the main business revenue from 1.03% in 2020.
The release of this new product is inseparable from Shanghai Bright Power Semiconductor Co.Ltd(688368) continuous technical cultivation. According to the company's 2021 annual report, in the field of AC-DC power chips, the R & D expenses in 2021 were about 939846 million yuan, a year-on-year increase of 283.38%. In the field of DC-DC power chips, the R & D expenses in 2021 were about 796344 million yuan, a year-on-year increase of 141120%.
Taking the bpd93010 chip as an opportunity, Shanghai Bright Power Semiconductor Co.Ltd(688368) will focus on the DC-DC business, and will launch a full set of power supply schemes for Chinese and foreign markets in the following four areas: polyphase digital controller. In addition to bpd93010, the company is developing products with more than 10 phases, supporting more VR voltage regulation protocols and multi-channel output to meet the power supply needs of more CPU, GPU and AI chips. In the field of intelligent drmos, the company will adopt high current, high efficiency, low quiescent current and single crystal process BCD process to develop European and American products that can detect current and temperature by themselves and are compatible with different specifications of packages in the market; Thirdly, the fully integrated DC-DC converter pol (converter) products. The company plans to develop a full range of 2a-40a products to realize small package, high efficiency and ultra-low quiescent current to meet various application needs; Finally, the electronic switch / hot plug control eFuse / HotSwap product will realize high current, multiple specifications, with pmbus regulation and support multiple parallel connection. (CIS)
