Chip-Powered Energy Control, Smart Innovation Begins in Zhoushan｜Formitek's Strategic 2026 New Product Launch and Headquarters Relocation Ceremony Grandly Opens
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May 18, 2026
Chip-Powered Energy Control, Smart Innovation Begins in Zhoushan｜Formitek's Strategic 2026 New Product Launch and Headquarters Relocation Ceremony Grandly Opens
Officially opening a new strategic chapter:
“From inland to ocean, from semiconductors to power supply.”
Under the theme “Chip-Powered Energy Control, Smart Innovation Begins in Zhoushan,” Formitek's 2026 New Product Launch and Headquarters Relocation Ceremony will be held at Formitek's new headquarters building in Zhoushan.
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1. Rooted in Semiconductor Innovation, Moving Forward with Vision
The Growth Journey of Formitek
Formitek is a high-tech enterprise with a focus on wide-bandgap power semiconductors and dedicated to the intelligent manufacturing of highly efficient and reliable power supplies. Guided by the strategy of “vertical technology integration + coordinated industrial development,” and driven by independent R&D, the company brings together industry experts to accelerate domestic breakthroughs and global competitiveness in power semiconductor application technologies. Our innovation capabilities and market competitiveness remain at the forefront of the industry.
The company's predecessor was Nanjing THINKANTECH Technology. Since its establishment, the company has upheld the mission of “technological independence and industrial contribution to the nation.” The company has dedicated the effort to the wide-bandgap semiconductor sector and overcome key technical challenges in high-frequency and high-efficiency performance, high reliability, and adaptability to extreme environments.
The company has secured nearly 70 invention patents and more than 120 intellectual property rights. In 2022, it was recognized as an enterprise. In 2023, it was named a national technology-based SME and a national high-tech enterprise, and obtained ISO 9001 production quality management system certification. In 2024, the company successfully passed IATF 16949 automotive-grade components production quality management system certification and received awards including the AspenCore China IC Design Achievement Award. In 2025, the company was further recognized as a Jiangsu Potential Unicorn Enterprise and a Jiangsu Innovative Enterprise.
Backed by strong technological accumulation and guided by the principles of “efficiency, reliability, intelligence, and sustainability,” Formitek focuses on the R&D and innovation of intelligent, high-power-density power supply products. The company is deeply engaged in building a new smart energy ecosystem and provides professional AC/DC power supply and distribution solutions for multiple application scenarios.
Our products cover marine electronics, mobile transportation, AI computing power, consumer electronics, energy, and power systems. With outstanding product performance, Formitek has earned wide market recognition and continues to empower high-quality innovation and development in the power electronics industry.
With vertical technology integration as its key and coordinated industrial development as its driving force, Formitek continues to focus on wide-bandgap power semiconductor sector. The company integrates chip R&D, module packaging, power system integration, and automotive-grade testing and certification, completing a multidimensional industrial layout.
Our brands focus on specialized areas while working closely together through the group's shared resources, forming an industrial development pattern of joint technology development, and business synergy.
THINKANTACH:
A brand under Formitek, focused on the design, R&D, and manufacturing of power semiconductor devices and modules.
Formitek:
A brand specializing in power semiconductors and focused on the intelligent manufacturing of efficient and reliable power supplies.
Zhongfu Testing:
A professional testing service brand under Formitek, specializing in reliability and electrical performance testing for semiconductor devices and modules.
After five years of dedicated development, Formitek has moved from laboratory-level technological breakthroughs to large-scale industrial implementation, and from inland R&D to a nationwide strategic layout. With strong technical capabilities, the company has demonstrated the innovation strength of Chinese semiconductor enterprises and laid a solid foundation for its new marine-focused strategic upgrade.
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2. Choosing Zhoushan, Rising Towards the Ocean
A Strategic Hub Empowering a New Development Landscape
Choosing Zhoushan represents Formitek's forward-looking decision based on national strategy and emerging industrial opportunities. Zhoushan, a major global shipbuilding hub holds a strategic position in China's marine economy, enjoys multiple advantages. These strengths will inject powerful momentum into Formitek's industrial blueprint and high-quality development.
Supported by National Strategy, Capturing Opportunities in the Marine Economy
Zhoushan is a key engine in Zhejiang's development as a strong marine province. Deeply integrated into China's broader “maritime power” strategy, the city serves as a national hub for bulk commodity resource allocation and a key platform for the upgrading of the free trade zone.
At present, sectors such as marine power systems, marine electronics, and offshore energy are entering a period of rapid growth. By establishing its base in Zhoushan, Formitek can deeply connect with national strategic advantages, enter the emerging marine energy equipment sector, and support the upgrading of the “marine energy” industry.
A Major Shipbuilding Hub Strengthening Industrial Synergy
Zhoushan is one of China's key regions for shipbuilding and offshore engineering equipment. It has leading industrial clusters in high-end vessels, intelligent boats, and ship repair, along with a strong concentration of upstream and downstream supporting enterprises.
Formitek focuses on key products such as marine power supplies and marine motor drives. By establishing operations in Zhoushan, the company can directly connect with shipbuilding, power systems, and other industrial-chain resources, enabling efficient collaboration in technology, talent, and application scenarios. This will accelerate the scenario-based implementation and large-scale application of marine power supply products.
Strong Policy Support Activating Innovation Momentum
Zhoushan benefits from multiple policy advantages as a national-level free trade zone. The city offers strong support for high-tech enterprises, semiconductor companies, and marine electronics companies, including R&D funding subsidies, production base construction support, and talent introduction policies.
Formitek's presence in Zhoushan will not only allow the company to benefit from policy, but also enable it to serve as a representative high-tech enterprise helping Zhoushan build its “marine energy” industrial identity, which creates a growth opportunity between the company and the city.
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3. Chip and Ocean Power Combined, Electrifying the Future
A Grand Blueprint for Semiconductors + Power Supply
The strategic leap marks the official beginning of Formitek's new development pattern: “from inland to ocean, from semiconductors to power supply.”
Looking ahead, the company will take Zhoushan as its headquarters hub, use marine engineering and zero-carbon homes as its two growth engines, and focus on three key areas: power semiconductor modules, high-efficiency bidirectional power supplies, and energy storage systems.
Formitek will comprehensively expand into four major markets: marine electrification, AI artificial intelligence, smart home power supply and distribution, and mobile transportation.
Technology Development: Strengthening the Wide-bandgap Semiconductor Foundation
Formitek will continue increasing investment in gallium nitride, or GaN, and silicon carbide, or SiC, technologies. The company will further develop power semiconductor device and module R&D and manufacturing, power semiconductor module packaging and system integration, and reliability and electrical performance testing for semiconductor devices and modules.
Formitek will continue optimizing high-frequency, high-efficiency, and highly reliable power device performance, accelerate the construction of chip R&D and testing laboratories, upgrade high-frequency and high-efficiency power modules, and maintain its leading technological advantages.
Industrial Focus: Building a Benchmark Marine Power Supply Chain
Formitek will focus on the design, R&D, and innovative manufacturing of intelligent high-power-density products, while continuing to build a new smart energy ecosystem.
Leveraging the advantages of Zhoushan's shipbuilding industry cluster, the company will focus on four key product areas: marine main power supplies, marine auxiliary power supplies, electric drive systems for vessels, and offshore platform power modules. It will also build production lines for marine electronic products.
Through wide-bandgap semiconductor technology, Formitek will empower the upgrading of marine power supplies and replace traditional low-efficiency power solutions. This will support the miniaturization, efficiency improvement, and green transformation of marine power systems, helping upgrade Zhoushan's high-end shipbuilding and offshore engineering equipment clusters and establishing Formitek as a leading domestic brand in the marine power supply sector.
Ecosystem Expansion: Broadening Multi-Scenario Power Supply Applications
In response to growing demand for low-carbon and intelligent power use, Formitek will use technological innovation to support green industrial upgrading and continue developing full-scenario smart energy power supply and distribution solutions.
Key application areas include:
• Industrial and civil mobile power scenarios: outdoor power supplies, unidirectional and bidirectional chargers
• Mobile transportation scenarios: unidirectional chargers, bidirectional OBC for electric motorcycles, and DC/DC converters for electric motorcycles
• Electric vehicle scenarios: bidirectional power supplies
• Consumer electronics scenarios: adapters, PD power supplies, and amplifier power supplies
Collaborative Growth: Building an Open Innovation Ecosystem
With Zhoushan as its headquarters hub, Formitek will coordinate R&D, testing, manufacturing, and sales centers in Shenzhen, Nanjing, Suzhou, Yancheng, Canada, and other locations, forming a development pattern of “headquarters coordination, multi-location collaboration, and global layout.”
The company will deepen cooperation with local enterprises, universities, and research institutes in Zhoushan, jointly build laboratories, promote collaborative innovation across the upstream and downstream industrial chain, and create a hub for both talent and industrial development.
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4. Chip-Powered Energy Control, Smart Innovation Begins in Zhoushan
What changes is the company's development map; what remains unchanged is its original commitment to technological innovation and breakthroughs.
What is upgraded is the industrial landscape; what remains steadfast is the mission to empower industry and serve national strategy.
From chips to power supplies, this is not merely an expansion — it is a reconstruction of the pathway and possibilities for marine energy equipment.
The strategic layout marks a new starting point for Formitek's advancement toward a higher level of development, as well as a new journey towards the ocean and industry leadership.
Looking ahead, Formitek will continue to uphold its development philosophy of “efficiency, reliability, intelligence, and sustainability.” The company will keep advancing power supply and distribution solutions, strengthen its key technological barriers, and reinforce its industrial competitiveness.
Formitek is committed to building a leading domestic and world-class smart energy power supply solution ecosystem, driving high-quality development in power electronics and the marine energy industry.
