Group 1 - Shanghai ChaoSilicon Semiconductor Co., Ltd. (Shanghai ChaoSilicon) has had its IPO application accepted, aiming to raise 4.965 billion yuan for expanding 300mm silicon wafer production, high-end semiconductor silicon material R&D, and supplementing working capital [1] - The company is recognized as a "unicorn" in the semiconductor industry, having established batch supply relationships with 18 of the top 20 global integrated circuit companies [2][5] - Shanghai ChaoSilicon's R&D investment over the past three years has accounted for 15.21% of its revenue, indicating a strong commitment to technological advancement [2] Group 2 - The semiconductor silicon wafer industry is characterized by long cycles, heavy capital requirements, and high technical barriers, necessitating "long-term capital" and "patient capital" for development [3] - Shanghai ChaoSilicon has successfully overcome core technological barriers in large-size silicon wafer production, mastering the complete manufacturing process, including crystal growth and post-processing techniques [5] - The company has received multiple awards for outstanding supplier performance from major clients, reflecting its strong reputation in the industry [5]

Core Viewpoint - The recent acceptance of IPO applications for four semiconductor companies on the Sci-Tech Innovation Board reflects a complete industrial chain layout from "materials - equipment - design," highlighting the urgent need for domestic semiconductor industry autonomy and the capital market's support for the sector [1][10]. Group 1: Company Summaries - **Zhaoxin Integrated**: A domestic CPU manufacturer focusing on x86 architecture, with products for desktops, servers, and workstations. The company aims to raise 4.169 billion yuan for new processor development and capacity building, having been accepted for IPO on June 17 [2][3]. It is currently unprofitable but expects to turn a profit by 2027 [3][4]. - **Chipmi Technology**: Specializes in the development and production of semiconductor-grade perfluoroether rubber seals, crucial for etching and thin-film deposition processes. The company plans to raise 785 million yuan for seal development and industrialization, having been accepted for IPO on June 16 [5][6]. Revenue is projected to grow from 41.59 million yuan in 2022 to 208 million yuan in 2024, with a significant increase in net profit and gross margin [6]. - **Shanghai Super Silicon**: A leading manufacturer of semiconductor wafers, producing 300mm and 200mm silicon wafers for memory and logic chips. The company aims to raise 4.965 billion yuan for expanding 300mm silicon wafer production and high-end material research, accepted for IPO on June 13 [8][9]. Despite revenue growth, it has faced continuous losses due to underutilization of production capacity [8]. - **Hengyun Chang**: Focuses on core components for semiconductor equipment, particularly plasma RF power systems, breaking the monopoly of American companies. The company plans to raise 1.55 billion yuan for industrialization and R&D center construction, accepted for IPO on June 13 [10]. Revenue is expected to increase from 158 million yuan in 2022 to 541 million yuan in 2024, with a leading market share in domestic plasma RF power systems [10]. Group 2: Industry Insights - The acceptance of these four companies' IPOs indicates a strong focus on supporting the semiconductor industry, which is crucial for achieving self-sufficiency in the domestic supply chain [10]. The companies cover key segments of the semiconductor industry, from design to materials and equipment, addressing critical technology gaps [10].