Core Viewpoint - Wuxi's IPO landscape is rapidly expanding, highlighted by the emergence of Shenghe Jingwei, a notable unicorn in the semiconductor industry, which is preparing for its A-share listing [5][11]. Group 1: Shenghe Jingwei's Development - Shenghe Jingwei was established in 2014 with investments from leading semiconductor companies, aiming to create a complete domestic 12-inch integrated circuit manufacturing chain [8]. - The company has achieved significant milestones, including becoming the first in mainland China to mass-produce 14nm silicon wafer bump processing [10]. - By 2024, Shenghe Jingwei is projected to have the largest 12-inch bump manufacturing capacity in mainland China, providing advanced packaging services for various high-performance chips [10]. Group 2: Financial Performance - Shenghe Jingwei's revenue from 2022 to mid-2025 is expected to grow from approximately 1.633 billion to 3.178 billion yuan, with net profits transitioning from a loss of 329 million yuan to a profit of 435 million yuan [10]. - The company has attracted significant investment, with a valuation reaching 20 billion yuan after a C+ round financing in 2023 [14]. Group 3: Wuxi's IPO Landscape - Wuxi has seen a surge in IPOs, with four companies listed in A-shares since 2025, and a total of 167 listed companies, including 126 A-share companies [6][19]. - The local government has implemented various supportive measures to facilitate the growth of listed companies, contributing to Wuxi's economic development [19][20]. Group 4: Economic Impact - Wuxi's GDP is projected to reach approximately 1.63 trillion yuan in 2024, with a growth rate of 5.8% [20]. - The city is recognized for its strong manufacturing base, with Jiangyin County leading in the number of listed companies among county-level cities in China [20].

从无锡江阴起步，一家明星独角兽正朝A股冲去。 故事的主角是盛合晶微，一家由中芯国际和长电科技在11年前出资成立，如今在全球集成电路晶圆级封 测领域颇有名气的企业。 在成立之初，无锡江阴政府便表态将全力支持盛合晶微的建设，此后也持续为其保驾护航。等到这家公 司上市前最后一轮融资时，当地国资更是拿出真金白银相助，最终成为他们的第一大股东。 放眼望去，无锡的IPO大军正排队上市。 两家头部公司之所以强强联合，是为了打造国内首条完整的12英寸先进集成电路制造本土产业链。当 时，中芯国际和长电科技的业务重心分别在前段晶圆制造和后段封装测试，同时准备让中芯长电聚焦中 段硅片加工。 这样的好处在于，将缩短芯片从前段到中段及后段工艺之间的运输周期，从而帮助芯片设计公司明显地 缩短市场反应时间，能够更好地服务于快速更新换代的移动终端市场，最终提升中国半导体产业的整体 水平。 于是，中芯长电从无锡江阴起步，开始发展12英寸凸块制造及配套晶圆芯片测试能力。扎根当地的背 后，他们除了能依托长电科技已有的制造基地和健全的配套设施，还在于无锡是我国集成电路产业的重 要集聚区。 在集成电路行业内，流传着这样一句话：中国半导体看江苏，江苏半 ...