Recently, Shanghai Favorit and South Korea's PMS (PowerMaster Semiconductor) announced the joint venture brand Faster Semiconductor (Faster Semiconductor) to launch advanced silicon carbide (SiC) semiconductor solutions for the Chinese automotive market. At the same time, Shanghai Figuret has also entered into a strategic cooperation with HANA Group, a leading global semiconductor manufacturer and distributor. These two major cooperation events mark an important step in the in-depth cooperation between China, South Korea and Thailand in the field of new energy vehicle production and supporting facilities.

At the opening ceremony of the joint venture, the General Manager of Shanghai Figuertek and Mr. Insuk Kim, Chief Operating Officer of PMS Korea, signed the cooperation agreement. Favorit's Managing Director said, "The establishment of Faster Semiconductor is an important milestone in our journey to new heights together with Korea PMS. We will work together to promote technological innovation in the automotive market."

With the establishment of Faster Semiconductor and the strategic cooperation between Shanghai Favorit Automotive and  HANA Group,  Favorit Group is gradually building a global business layout and contributing more wisdom and strength to the automotive  market in China and even the world. In the future, Favorit Group will continueto uphold the spirit of innovation,  pragmatism and efficiency, and work together with partners to create a better future.

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Company introduction

HANA Group is one of the leading independent "Electronic Manufacturing Services" (EMS) producers in Southeast Asia and has been  widely recognized for its technicalexcellence and efficient production capacity since its establishment in Bangkok,  Thailand in 1978. The Group focuses On power semiconductors (including SiC/Si materials),power packaging,  integrated circuits, assembly and testing, microelectronics assembly, Chip On Board,  printed circuit board assembly (PCBA), flexible chip packaging,hybrid modules,  smart cards and coil winding. Committed to providing customers with high quality,  high performance electronic product manufacturing services.

Shanghai Favorit Automotive is established in 2009,  is an automotive technology enterprise integrating automotive design and development, demonstration vehicle and model manufacturing, engineering sample vehicle trial production and small-batch vehicles. After more than 20 years of unremitting efforts, Figuerite has accumulated rich industry experience and huge database resources, providing strong support for the early development of vehicles. Figuret's customers cover many mainstream Ovens in China, such as FAW Group, SAIC Motor, Dongfeng Group, and emerging new energy vehicle brands NiO and Xiaopeng Automobile. In addition, the company also provides high-quality technical support for aerospace, military and other high-tech fields, showing its comprehensive service capabilities across fields. Figuerite has always adhered to the corporate vision of "innovation and collaboration, creating the future", and is committed to building itself into one of the most advanced automotive technology research and development enterprises in China.

Powermaster Semiconductor is the only integrated power semiconductor design, production and application company in Korea, founded in January 2018 in Cheongju, Korea by a group of experts with more than 20 years of experience in the field of power semiconductors. Since its inception, Powermaster Semiconductor has been committed to breaking the monopoly of the power semiconductor market by a small number of advanced companies, by constantly introducing cost-effective solutions to meet market needs. We have successfully developed and launched a series of innovative products such as Super Junction MOSFETs, MV MOSFETs, SiC Diodes and SiC MOSFETs for key areas of efficiency such as servers, energy and power, which have been widely used in industrial applications and electric vehicles.