一、Company Profile

1.1 Positioning and core competitiveness

  2Pai Semiconductor (Shanghai) Co., Ltd. is the first semiconductor company in China to successfully develop digital isolators. Relying on its independent patented technology "capacitor intelligent voltage divider (iDivider)", it has broken through the gap from 0 to 1 in domestic digital isolation chips, and has deeply penetrated high-growth markets such as industrial control and new energy vehicles with high-performance and high-reliability products.

1.2 Outstanding performance

In 2022, revenue increased by 110% year-on-year, and products were sold to more than ten countries including the United States, Germany, and Japan, serving more than 400 customers, and becoming a core supplier of new energy vehicle companies.

1.3 Industry Status

Based on the capacitor intelligent voltage divider (iDivider) technology with independent intellectual property rights, 2Pai Semiconductor became the first manufacturer in China to make digital isolators, achieving a breakthrough from 0 to 1 in domestic digital isolators.

1.4 Honour

• In 2021, it was rated as "Shanghai High-tech Enterprise"
• In 2021, it won the "2021 Annual New IC Design Team Award" by Core Master Hardcore China Core
• In 2022, it won the 23rd China Patent Excellence Award
• In 2022, it won the China IC Design Achievement Award
• In 2023, it won the "Top 20 Outstanding Contributions to Science and Technology Innovation in Pudong New Area"

二、Industry Background and Development Opportunities

2.1 Market Potential

? The global digital isolation chip market will reach $1.8 billion in 2022 and is expected to increase to $2.7 billion in 2027 (CAGR 8.45%); ? New energy vehicles, photovoltaics and industrial intelligence have driven the domestic isolation chip market to grow at an annual rate of more than 20%, reaching a scale of US$2-3 billion.

2.2 Domestic substitution window period

European and American manufacturers (ADI, TI, etc.) have long monopolized the market, but domestic demand and technological breakthroughs have helped local companies rise. 2Pai Semiconductor has seized market share by relying on product performance and automotive certification.

三、Product and technology layout

3.1 Core product lines

It covers four major areas: signal chain, drive, interface, and power supply, and is applied to key scenarios such as new energy vehicle electric drive systems, BMS (battery management), and OBC (on-board charging).

3.2 Technological breakthrough

? In 2022, we will launch a 1500V high-voltage disconnect switch (high temperature resistance, no light decay) to adapt to the BMS of new energy vehicles; ? New products such as dual-channel isolated drivers (CMTI up to 300kV/us) and isolated 485/CAN transceivers expand the coverage of industrial and automotive scenarios.

3.3 R&D Strength

The company’s scientific and technological innovation capability rating ranks in the top 6% in the industry (assessed by Zhihuiya), its automotive-grade quality system has obtained international certification, and it has established alliances with leading global industrial customers.

四、New energy vehicle field layout

4.1 Strategic Focus

Starting from 2021, we will focus on automotive-grade chips, and our products will be used in: ? OBC charging module, BMS battery management, electric drive system, PTC electric heating; ? It covers the demand for 2,000 chips per vehicle, which is in line with the increasing penetration rate of autonomous driving and new energy vehicles.

4.2 Supply Chain Advantages

? Established a full-process automotive regulation system covering R&D, quality and delivery, and was recognized by mainstream automakers and Tier 1 suppliers; ? Global capacity allocation ensures supply and achieves steady growth against the trend in 2022.

五、Future strategic direction

5.1 Product iteration and expansion

? In 2023, it plans to launch new products such as automotive power switches and high-precision reference voltage sources; ? Expand the "isolation +" technology and extend it to high-barrier analog chip fields such as driving and sampling.

5.2 Layout of high-end domestic substitution

Respond to market pressure to reduce costs, strengthen technological innovation and performance benchmarking, break through the "bottleneck" links in industrial automation, photovoltaic energy storage and other fields, and promote the upgrading of the domestic IC industry.

Conclusion: Differentiated innovation path

Starting from the underlying technology, 2Pai Semiconductor has built an independent and controllable product system, established a moat with the "customer demand + collaborative R&D" model, and aims to become a benchmark in the global isolation chip market and inject "core" vitality into China's semiconductor industry.