Core Viewpoint - Shenzhen Feixiang Technology Co., Ltd. has officially submitted its IPO application to the Hong Kong Stock Exchange, marking a significant step for a leading company in the RF front-end chip sector in China towards global expansion [1][5] Group 1: Company Overview - Feixiang Technology is recognized for its precise grasp of industry trends and continuous technological advancements in products [3] - The company became the first domestic enterprise in China to launch a 5G RF front-end solution that fully supports all 5G frequency bands in 2020, seizing early market opportunities [3] - Feixiang's PA integration technology allows for the integration of low, mid, and high-frequency PA circuits into a single GaAs chip, significantly reducing circuit board space and meeting the compact design needs of mobile terminals and automotive applications [3] Group 2: Market Position - According to Frost & Sullivan data, Feixiang ranks fifth globally and first in China in terms of revenue from PA and PA integrated transceiver modules by 2024, and it ranks first globally in terms of shipment volume [3] - The company's success is attributed to its technological advantages and deep penetration into downstream markets, covering diverse fields such as mobile smart devices, Wi-Fi products, smart home, IoT, automotive communication, and satellite communication [3] - Feixiang has successfully entered the supply chains of leading mobile technology brands and well-known ODM manufacturers, establishing a stable and extensive customer base that further strengthens its market competitiveness [3] Group 3: Future Prospects - The ongoing IPO process is supported by the company's leading market position, which is expected to serve as a solid foundation for its capital market journey [5] - The company aims to leverage the IPO as an opportunity to transition from a leading position in China to a global leader in the RF front-end chip sector [5]

Core Viewpoint - Feixiang Technology has submitted a listing application to the Hong Kong Stock Exchange, with Guosen Securities (Hong Kong) as the sole sponsor [1] Company Overview - Feixiang Technology is a Chinese fabless semiconductor company focused on the design, research and development, and sales of RF front-end chips [1] - The product line covers various communication standards including 5G, 4G, 3G, 2G, Wi-Fi, and NB-IoT, and is applied in mobile devices, IoT, automotive communication, and satellite communication [1] - The company is the fifth largest globally and the largest in China in terms of PA and PA integrated transceiver module supply, ranking first globally by shipment volume [1] - In 2020, the company became the first domestic enterprise in China to launch a fully 5G RF front-end solution supporting all 5G frequency bands [1] Business Model - The company adopts a fabless model, outsourcing production processes while focusing on high value-added areas such as research and development, sales, and marketing [1] Industry Outlook - The global RF front-end chip market is expected to continue growing, driven by emerging fields such as smart automotive, satellite communication, and IoT [1]