# GAC Component and CRRC Times Semiconductor form IGBT joint venture

GAC Component Co., Ltd. and Zhuzhou CRRC Times Semiconductor Co., Ltd. set up a semiconductor joint venture, Guangzhou Qinglan Semiconductor Co., Ltd., with registered capital of 300 million yuan. The JV will build an IGBT module manufacturing base in Guangzhou in two phases, each with 300,000 automotive IGBT modules per year capacity, expected for operation in 2023 and 2025 respectively. Total investment is about 463 million yuan.

- Type: Acquisition
- Announced: 2024-04-03
- Where: Guangzhou, Guangdong, China
- Value: $47.3M (300.0M CNY)
- Status: under construction
- Capacity: 600,000 automotive IGBT modules per year (total both phases)
- Products: IGBT power modules for new energy vehicles
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Zhuzhou CRRC Times Semiconductor](https://endata.com/companies/65456.md) (partner)
- [Guangzhou Qinglan Semiconductor Co., Ltd.](https://endata.com/companies/74269.md) (target)
- [GAC Component Co., Ltd.](https://endata.com/companies/74270.md) (partner)

## Sources

- [carzxzc.com](https://carzxzc.com/industry/816.html), 2024-04-03: "Qinglan Semiconductor will focus on the R&D and industrial application of proprietary technologies related to NEV-used IGBT."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.