Recent #IPO news in the semiconductor industry

6 months ago

➀ Pioneer Precision, a core component supplier for Jiangsu's semiconductor equipment, was successfully listed on the Science and Technology Innovation Board, with a surge of 534% on the first day of trading.

➁ This is the only company in Jiangsu to be listed on the Science and Technology Innovation Board this year and the only company in the country to pass and be listed on the Science and Technology Innovation Board in the same year since the introduction of the new 'national nine articles' in April and the 'eight articles' by the China Securities Regulatory Commission in June.

➂ Pioneer Precision has achieved localization and autonomy in a variety of key process components and has the capability to provide complete process support. It is one of the few domestic suppliers that can mass-produce and supply key components for etching equipment with 7nm and below domestic technology, directly competing with international manufacturers.

EquipmentIPOsemiconductor
6 months ago
➀ Kioxia has set a valuation target of $4.9 billion to $5.5 billion for its upcoming IPO. The company had previously aimed for a valuation of $10.3 billion but reduced it due to investor sentiment. ➁ Kioxia's history includes significant buyout offers from Foxconn and a Bain-led consortium. The Bain consortium and Toshiba currently own majority stakes. ➂ Kioxia holds a 13.8% share of the NAND market and aims to use the IPO to raise capital for investment.
IPOKioxiaNANDsemiconductor
6 months ago

➀ InnoScience has passed the overseas listing filing with the China Securities Regulatory Commission;

➁ Plans to issue up to 107 million ordinary shares for overseas listing on the Hong Kong Stock Exchange;

➂ 51 shareholders will convert a total of 4.44 billion shares of unlisted shares in the mainland to overseas listed shares;

➃ Revenue increased by 769% to approximately 5.93 billion yuan in 2023, with a net loss of approximately 1.101 billion yuan, a decrease of 67.58% from 2021;

➄ Nitride semiconductor product line complete, with cumulative shipments exceeding 500 million units as of December 31, 2023;

➅ Global largest nitride semiconductor power device production base, with a monthly design capacity of 10,000 wafers;

➆ Fundraising plan includes expanding 8-inch nitride semiconductor wafer production capacity and product R&D.

IPOsemiconductor
6 months ago

➀ Moore Threads, known as 'China's NVIDIA,' has filed for A-share listing guidance at the Beijing Securities Regulatory Bureau.

➁ The company, co-founded by Zhang Jianzhong, a former key figure at NVIDIA, has raised significant funding and is valued at 25.5 billion yuan.

➂ Despite being added to the U.S. entity list, Moore Threads is preparing for an IPO, indicating its resilience in the face of American suppression.

IPONVIDIA
6 months ago
➀ Kioxia is set to receive approval for its listing on the Tokyo Stock Exchange at a valuation of $4.84 billion. The company's valuation has dropped sharply from its previous cancelled IPO in October, where it was seeking a valuation of $10.3 billion.➁ Kioxia has faced various offers and acquisitions over the years, including a $30 billion offer from Foxconn in 2017, a $18 billion acquisition by a Bain-led consortium in 2018, and a $20 billion offer from Western Digital in 2022.➂ The Bain consortium owns 56% of Kioxia, Toshiba owns 41%, and the Japanese government bail-out funds INCJ and DBJ control 16.7% of the voting rights.
FoxconnIPOKioxiaTokyo Stock ExchangeToshibaValuationWestern Digitalsemiconductor
7 months ago
➀ Kioxia is expected to file for an IPO on the Tokyo Stock Exchange in H1 2025 using a new listing process. The company decided not to proceed with a planned listing in October due to unfavourable market conditions. The new process allows the company to engage with potential investors before the IPO is approved, making the valuation less susceptible to market fluctuations.➁ Kioxia aims to achieve a valuation of $6.5 billion at its listing next year, down from the $10.3 billion it was seeking before the cancelled October IPO.➂ The company has a complex ownership structure with Bain consortium and Toshiba owning significant stakes, and Japanese government funds controlling a portion of the voting rights.
FoxconnIPOKioxiaTokyo Stock ExchangeValuationWestern Digital
7 months ago

➀ Kioxia, a major Japanese NAND Flash manufacturer, has postponed its IPO plan due to investor demands for lower valuation.

➁ Kioxia's parent company, Bain Capital, aimed to use the IPO to recoup investments and inject new capital into the company.

➂ The company's market value has dropped significantly from its peak of $30 billion to around $5 billion in just three years.

IPOKioxiaMarket Valuationsemiconductor industry
8 months ago
➀ Cerebras Systems, an eight-year-old wafer-scale startup, has filed for an IPO on the Nasdaq; ➁ The company raised $250 million in venture funding in November 2021 and reported revenue of $78.7 million last year; ➂ Cerebras lost $127 million in 2023 and $177.7 million in 2022, with a loss of $66.6 million in H1 2024; ➃ The company's third-generation wafer-scale IC is the largest chip ever sold, designed for AI work.
AIIPOVenture Capitalsemiconductor
8 months ago
➀ Shanghai Siyuang Technology Co., Ltd. (Siyuang Technology) has completed the listing guidance registration with Shanghai Securities Regulatory Bureau and is preparing for an IPO. Siyuang Technology is a super unicorn in the AI chip field, founded by Zhao Lidong, a graduate of Tsinghua University's Radio and Telecommunication Engineering Department 85th class. The company has raised nearly 7 billion yuan in financing, with Tencent being one of the largest investors. According to Hurun Research Institute, Siyuang Technology is valued at 16 billion yuan, ranking 482nd in the Global Unicorn List. ➁ Siyuang Technology has chosen to focus on AI training chips, a field with high difficulty and high barriers. The company has developed a series of AI training and inference chips, providing underlying computing power for Internet companies, cloud service providers, operators, and research institutions. ➃ The domestic AI chip market is facing challenges such as high cost of migration and technical support. Siyuang Technology needs to consider how to commercialize its computing centers. The article discusses the challenges and opportunities for Siyuang Technology and other domestic AI chip companies as they prepare for the IPO.
AI ChipIPOinvestment
8 months ago
➀ Wan Biao, the Deputy Chairman of Honor, has resigned from his position due to personal reasons; ➁ Wan Biao has a background in Huawei, where he held several senior management roles before joining Honor in 2020; ➂ Honor plans to go public through an IPO, aiming to attract diverse capital and optimize its equity structure; ➃ Wan Biao's departure will not affect the normal operation of the company, and he is rumored to be considering joining Shenzhen Xin Kailai Technology Co., Ltd.
HuaweiIPOhonor
8 months ago
➀ Cerebras Systems, a company specializing in AI training and inference chips, has filed for an IPO on the NASDAQ with the ticker symbol 'CBRS'. It is known for its wafer-scale engine (WSE) chips, the largest in the world.➁ The company reported a net loss of 3 billion USD (about 21 billion RMB) from 2022 to 2023, but its revenue increased nearly 1500% to 1.364 billion USD in the first half of 2024.➂ Cerebras' chips have four technical advantages for AI: large-scale, tightly coupled computing; fast and efficient interconnection; ultra-large on-chip memory and memory bandwidth; and local hardware acceleration for sparsity.
AI ChipIPO
8 months ago
➀ Wuhan Xin芯, a leading semiconductor wafer foundry in China, focuses on specialty storage, analog-mixed signal, and 3D integration. It provides wafer foundry services for various semiconductor products based on multiple technology nodes and different process platforms. The company supports its specialty storage business with 3D integration technology and continuously innovates its technology. It aims to become a leader in advanced semiconductor manufacturing for the 3D era. ➁ The company plans to raise 4.8 billion yuan through its IPO, which will be used for a 12-inch integrated circuit manufacturing line project and a special technology iteration and research and development support project. ➂ Wuhan Xin芯 is the largest NOR Flash manufacturer in mainland China, with leading technology in analog-mixed signal and 3D integration.
IPOsemiconductor
8 months ago
➀ Ziguangisoc has successfully completed a 4 billion yuan equity financing round; ➁ The funding will be used to strengthen talent recruitment, solve capital issues, and enhance innovation; ➂ The company is a leading player in mobile communication chip research and development, with a significant market presence; ➃ The funding round received support from various state-owned platforms, banks, insurance institutions, firms, and social capital; ➄ Ziguang Unisoc is actively expanding its global market presence, with its 5G chips reaching 50 countries and regions; ➅ The company is expected to accelerate its IPO process with the completion of this funding round.
5G TechnologyEquity FinancingIPOZiguang Unisocfunding
9 months ago
➀ Shanghai-based GPGPU unicorn company, WallRune Technology, has initiated its IPO with the China Securities Regulatory Commission's approval. The company aims to focus on cloud-based general intelligent computing and surpass existing solutions in AI training and reasoning.➁ WallRune has completed B-round financing with a total of over 5 billion yuan, attracting investments from well-known institutions.➃ WallRune's co-founder and CEO Zhang Wen emphasizes the company's commitment to advancing domesticization and building an ecosystem to support digital transformation of the economy and society.
GPUIPOWallRune Technology
9 months ago
➀ The number of China's unicorns has dropped from 192 in 2021 to 106 in 2023. ➁ The decline is attributed to US restrictions on funding for startups in China. ➂ US dollar funds accounted for a smaller percentage of fundraising deals in 2023 compared to previous years.
China Unicorn Enterprise Development Tracking ReportChina's economyGreat Wall Strategy ConsultantsIPOSilicon ValleyUS-China relationsVCfundingprivate equitystartupstechnology investment
9 months ago
➀ Angene Microelectronics, a射频芯片 manufacturer, has filed for IPO and is seeking to list on the Shenzhen and Shanghai A-share markets; ➁ This is not the first time Angene Microelectronics has attempted to go public, having previously signed a辅导协议 with Citic Securities but later withdrawn due to regulatory tightening; ➂ The company has received funding from well-known institutions such as Huawei's Habub Investment and Xiaomi's长江产业基金, and has a strong management commitment to going public for financing purposes.
Angene MicroelectronicsIPOchip industry
9 months ago
➀ Innoscience, a leading GaN semiconductor company, has filed for IPO in Hong Kong with a post-E round valuation of $3.4 billion. ➁ Founded by Dr. Luo Weiwei, a former NASA scientist, the company is the first to mass-produce 8-inch silicon-based GaN wafers and offers a full voltage spectrum of products. ➂ Despite being the market leader with a 33.7% share, Innoscience faces significant financial losses, totaling over $6.7 billion in the past three years, due to heavy investments in production facilities and R&D.
IPOsemiconductortechnology