New stock news | GigaDevice Semiconductor Inc. (603986.SH) Hong Kong IPO has been filed with the China Securities Regulatory Commission

On December 9th, the International Cooperation Department of China Securities Regulatory Commission issued the "Notice of Overseas Issuance and Listing Filing of GigaDevice Semiconductor Inc. Technology Group Limited". GigaDevice Semiconductor Inc. (603986.SH) plans to issue no more than 51,796,900 shares of overseas listed common stock and list on the Hong Kong Stock Exchange. According to the prospectus, the company is a leading global diversified chip design company, providing customers with a variety of chip products, including Flash, niche-type DRAM, MCU, analog chips, sensor chips, as well as a set of systems and solutions including corresponding algorithms and software. The company adopts a fabless business model, focusing on the design and development of integrated circuits to ensure the company maintains a technological advantage. According to reports from Frost & Sullivan, based on sales in 2024, the company is a market leader in multiple areas and is the only integrated circuit design company in the world ranked in the top ten in the NOR Flash, SLCNAND Flash, niche-type DRAM, and MCU fields.