半导体探针卡第一股” ！陈大同现身！科创板第600个IPO！

Core Insights - Strong One Semiconductor, established in 2015, is a rare domestic company mastering MEMS probe technology and achieving large-scale production, focusing on wafer testing core consumables, probe cards [2] - The company has collaborated with over 370 semiconductor enterprises across the entire industry chain in China, covering various testing segments for CPU, GPU, and storage chips [2] - The company aims to become a global leader in the probe card industry, supported by investment from Yuanhe Puhua in 2021 to expand into high-end testing markets like DRAM and HBM [2] Market Performance - On December 30, 2025, Strong One Semiconductor officially listed on the Sci-Tech Innovation Board, becoming the first domestic semiconductor probe card company and the 600th listed company on the board, achieving a market capitalization peak of 30.51 billion yuan [3] - The opening stock price surged to 276.82 yuan per share, closing at 235.51 yuan, reflecting a remarkable increase of 176.78% [3] Company Development - The founder, Zhou Ming, initiated the company during the early wave of semiconductor localization in China, aiming to break the monopoly held by foreign giants like FormFactor and Technoprobe, which dominated the probe card market [6] - In 2020, the company faced significant challenges with the high production costs of 2D MEMS probe cards, but Zhou's commitment to R&D and operational integrity helped the company achieve mass production by the end of 2020, becoming the first in mainland China to master core technology [11] Capital Support - The rise of hard technology is closely linked to capital investment, with Fengnian Capital being the first institutional investor, providing 50 million yuan in angel funding to support technological advancements [12] - Subsequent investments from Yuanhe Puhua and other major players like Huawei Hubble have accelerated production scale and provided industry validation [14] Technological Advancements - Strong One Semiconductor has developed 24 core technologies across four major areas, securing 182 authorized patents, including six overseas patents [18] - The company has maintained a high R&D investment ratio, with a team of 159 professionals aiming for a testing frequency peak of 110GHz, and has delivered over 2,800 probe cards to more than 370 domestic semiconductor companies [19] Future Outlook - The listing marks a new beginning for Strong One Semiconductor, which is targeting high-end markets as the global probe card market is expected to exceed 3.972 billion USD by 2029 [21] - As the only domestic company in the global top ten, Strong One Semiconductor carries the mission of domestic substitution and is poised to expand its influence in the global hard technology landscape [21]