Zheng Quan Shi Bao Wang·2026-01-13 00:37Company Overview - Weizhao Semiconductor has submitted a listing application to the Hong Kong Stock Exchange, with GF Securities as its sponsor [1] - The company is a leading provider of power semiconductor devices in China, focusing on the research, design, and sales of high-performance power semiconductor devices, particularly WLCSP products [1] - Weizhao Semiconductor operates under a unique "fab-lite" model, combining outsourced manufacturing with internal advanced packaging capabilities, especially in WLCSP technology, and controlling key wafer manufacturing processes [1] - It is one of the few power semiconductor device suppliers in China that possesses both key wafer manufacturing processes and advanced packaging testing capabilities [1] - The product range includes medium and low voltage devices (such as Trench MOSFETs and SGT MOSFETs, widely used in consumer electronics and automotive electronics, with WLCSP products used for lithium battery protection) and high voltage devices (such as IGBTs, SJ MOSFETs, and Planar MOSFETs, used in automotive electronics and new energy applications) [1] Industry Insights - The market size for power semiconductor devices in China is expected to grow from 105.5 billion RMB in 2024 to 169 billion RMB by 2029, with a compound annual growth rate (CAGR) of 9.9% [2] - The growth of the market is primarily driven by the intelligent upgrade of consumer electronics, strong growth in electric vehicles, development of renewable energy, and demand from emerging fields such as AI servers and smart grids [2] - MOSFET power semiconductor devices represent the largest segment of the Chinese power semiconductor market, with an expected CAGR of 11.9% from 2024 to 2029 [2]