A power supply module for immersion cooling, comprising a first substrate, a third substrate, a passive element, a semiconductor device and a capacitor, wherein the first substrate comprises an upper surface and a lower surface opposite to each other, the semiconductor device is arranged on the upper surface of the first substrate, the capacitor is welded on the first substrate, and the lower surface of the first substrate is provided with a pad;
- the third substrate comprises an upper surface and a lower surface opposite to each other, and a first side surface and a second side surface opposite to each other, the passive element comprises an upper surface and a lower surface opposite to each other, the upper surface of the third substrate and the upper surface of the passive element are attached to a lower surface of the first substrate, and a second side surface of the third substrate is disposed adjacent to one side surface of the passive element;
- an upper surface and a lower surface of the third substrate are respectively provided with a metal layer, the first side surface is provided with an insulating layer, and the shortest distance between the first side surface and the edge of an adjacent metal layer is greater than zero;
- a metal layer of the upper surface of the third substrate is fixed and electrically connected to a portion of the pads of the lower surface of the first substrate by means of a conductive material, a portion of the pads of the lower surface of the first substrate is disposed in a vertical projection of the third substrate on the lower surface of the first substrate, and the shortest distance between the vertical projection line of the first side surface of the third substrate on the lower surface of the first substrate and the adjacent portion of the pads on the lower surface of the first substrate is greater than zero;
- the upper surface and the lower surface of the passive element are respectively provided with a metal layer, and the metal layer on the upper surface of the passive element is fixed and electrically connected to a portion of the pads on the lower surface of the first substrate by means of a conductive material.