At present, the overall gap between China’s third-generation semiconductor technology and the international leading level is not as large as that of traditional silicon semiconductors. An experienced JITRI project team led by Dr. Jianxin SHI has successfully established a leading semiconductor equipment company. With support from JITRI, it took a little over 7 months to land the project in Suzhou Industrial Park in September 2020. At present, the prototype design and the review of the second R&D milestone have been completed. The third phase of R&D and substantive business operations has started. In 2021, the prototype verification of third-generation silicon carbide epitaxial mass production equipment will be completed. It aims to seize the domestic market and provide various types of high quality equipment for the rapid development of the 3rd-generation semiconductor industry.