从无人问津到市值 330 亿！IC独角兽企业终上市！

Core Viewpoint - Qiangyi Semiconductor (Suzhou) Co., Ltd. has become the first domestic company to list on the STAR Market as a "semiconductor probe card" company, with its stock price surging significantly on its debut, indicating strong market interest and potential for growth in the semiconductor sector [1][3]. Group 1: Company Overview - Qiangyi Semiconductor specializes in probe cards, which are critical for wafer testing and directly impact chip yield and production costs. The company has transitioned from cantilever probe cards to more advanced vertical probe cards and MEMS probe cards, becoming the first in mainland China to develop vertical probe card technology independently [3]. - The company serves leading firms in the semiconductor industry, including ZTE Microelectronics, Fudan Microelectronics, and GigaDevice, and has ranked among the top ten global semiconductor probe card companies in 2023 and 2024, being the only domestic company on the list [3]. Group 2: Investment and Growth - The investment journey of Qiangyi Semiconductor is highlighted by the involvement of Fengnian Capital, which became the first institutional investor in 2020, providing crucial funding that enabled the company to achieve core process validation and mass production of 2D MEMS probe cards [5]. - Following Fengnian Capital's initial investment, Qiangyi Semiconductor successfully completed five rounds of financing within two years, attracting investments from notable firms such as Huawei's Hubble Investment and Yuanhe Puhua, which facilitated technological breakthroughs and capacity expansion [6]. - The company's revenue has seen a compound annual growth rate of 58.85% over the past three years, with projected net profits of 233 million yuan in 2024 and an expected increase to between 355 million and 420 million yuan in 2025, reflecting a year-on-year growth of over 50% [6]. Group 3: Market Outlook - The global probe card market is expected to grow to USD 3.972 billion by 2029, indicating significant growth potential for domestic companies like Qiangyi Semiconductor as the semiconductor industry experiences a recovery [6].