As the global artificial intelligence (AI) boom puts intense pressure on data centre energy grids, some Chinese chipmakers are betting on highly efficient silicon carbide (SiC) semiconductors to help solve the technology sector’s power problem.Shenzhen-based Basic Semiconductor is the latest contender looking to bankroll its expansion after it passed a listing hearing earlier this week in its path to an initial public offering (IPO) in Hong Kong.Founded in 2016 by graduates from Tsinghua University and the University of Cambridge, the firm is one of China’s few fully integrated device manufacturers in the SiC space, specialising in everything from chip design...