近日，芯迈半导体技术（杭州）股份有限公司（下称："芯迈半导体"）再度向港交所主板递交上市申请，华泰国际为 其独家保荐人。 此前，2025年6月30日，芯迈半导体曾向港交所递交过上市申请材料，但最终失效。 芯迈半导体是一家专注于通过自有工艺技术提供高效电源管理解决方案的公司。其核心业务涵盖电源管理集成电路和 功率器件的研发与销售，产品主要覆盖移动技术、显示技术和功率器件三大领域，广泛应用于汽车、电信设备、数据 中心、工业应用及消费电子产品。 招股书显示，芯迈半导体此次募集资金将重点用于提升研发能力及扩大产品供应。包括维持并扩充现有研发团队；建 设碳化硅模块封装测试生产线；采购升级研发测试设备；迭代核心工艺技术；以及拓展在新能源汽车、人工智能服务 器、机器人等新兴领域的应用研发。此外，部分资金也将用于潜在的战略投资或收购、增强销售网络与运营效率，并 补充营运资金。 根据行业咨询机构弗若斯特沙利文的数据，以2024年收入计，芯迈半导体在全球PMIC（电源管理集成电 路）市场的份额约为0.42%，在全球功率器件市场的份额约为0.14%。 研发团队方面，该公司拥有超过20年研发经验的核心团队，产品组合涵盖硅基和碳化硅基 ...

Core Viewpoint - Chipmike Semiconductor has officially submitted its application to the Hong Kong Stock Exchange, positioning itself as a leading power semiconductor company focused on efficient power management solutions through proprietary technology [2] Group 1: Company Overview - Chipmike Semiconductor operates under an innovative Fab-Lite IDM business model, specializing in power semiconductor research, development, and sales [2] - The company's core business includes power management ICs and power devices, which are essential for regulating key physical characteristics in circuits for efficient power conversion [2] Group 2: Market Position and Product Offerings - In the power management IC sector, Chipmike Semiconductor ranks 11th in the global consumer electronics PMIC market, 3rd in the global smartphone PMIC market, 5th in the global display PMIC market, and 2nd in the global OLED display PMIC market for 2024 [3] - The company has achieved the top position in the global OLED display PMIC market based on total shipment volume over the past decade [3] - Chipmike Semiconductor's power semiconductor products are rapidly gaining market share in applications such as motor drives, battery management systems, and communication base stations, with expansion into automotive, data centers, AI servers, and robotics [3] Group 3: Technological and Strategic Advantages - The company has a comprehensive product portfolio in power devices, leveraging over 20 years of R&D experience and a proprietary process platform to achieve performance metrics comparable to global industry leaders [3] - Chipmike Semiconductor's collaboration with strategic wafer foundry partner Rich Semiconductor enhances its competitive edge in power semiconductor manufacturing processes [4] - The company focuses on customized solutions and high-performance offerings for leading clients, emphasizing innovative IC and device design along with proprietary process platform development [4]

Core Viewpoint - ChipMight Semiconductor Technology (Hangzhou) Co., Ltd. has submitted its listing application to the Hong Kong Stock Exchange, with Huatai International as its sole sponsor [1] Company Overview - ChipMight Semiconductor is a leading power semiconductor company that provides efficient power management solutions through proprietary process technology. The company operates under an innovative Fab-Lite Integrated Device Manufacturer (IDM) business model [3] - The core business includes research, development, and sales of power management ICs and power devices, focusing on key physical characteristics such as voltage, current, frequency, and switching states for efficient power conversion [3] Product Applications - The company's products are utilized in various sectors, including automotive, telecommunications (including base stations and network communication devices), data centers (including AI servers), industrial applications (such as motor drives, battery management systems, green energy devices, and humanoid robots), and consumer electronics (including smartphones and televisions) [3] - In the power management IC sector, ChipMight specializes in customized PMICs for mobile and display applications, serving leading global clients in the smartphone, display panel, and automotive industries [3] Market Position - According to Frost & Sullivan, ChipMight ranks as follows in the global PMIC market based on projected revenue for 2024: - 11th in the global consumer electronics PMIC market - 3rd in the global smartphone PMIC market - 5th in the global display PMIC market - 2nd in the global OLED display PMIC market - The company ranks 1st in the global OLED display PMIC market based on total shipment volume over the past decade [5] Financial Performance - The company's revenue for the fiscal years 2022, 2023, and 2024 is approximately RMB 1.688 billion, RMB 1.640 billion, and RMB 1.574 billion, respectively. The net losses for the same periods are approximately RMB 171 million, RMB 506 million, and RMB 697 million [6] - The gross profit margin has decreased from 37.4% in 2022 to 29.4% in 2024, indicating increasing cost pressures [6]