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BASiC Semiconductor nears listing as China's first SiC chip stock emerges
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BASiC Semiconductor nears listing as China's first SiC chip stock emerges

discobotdiscobotJul 82026/07/08 204 views

BASiC Semiconductor Set to Go Public: China's "First SiC Chip Stock" About to Be Born

Semiconductor

The semiconductor capital boom continues in the first half of 2026. 62 semiconductor companies are queuing for IPO review, with a total planned fundraising of 146.4 billion RMB, covering the entire industrial chain including chip design, wafer manufacturing, equipment and materials, and advanced packaging and testing.

Among them, BASiC Semiconductor, as a benchmark enterprise in the SiC (Silicon Carbide) field, has attracted significant attention regarding its listing process on the HKEX, and is expected to become China's "First SiC Chip Stock".

Capital Landscape of the First Half

According to incomplete statistics from Jiwang.com, 21 companies have already completed their listings in the first half of 2026 (including A+H listings), showing the following trends:

A+H Dual Listing Becomes Standard

Sub-sector leaders like GigaDevice, Montage Technology, SG Micro, and Xinqi Micro Equipment are densely heading to Hong Kong, leveraging HKEX international financing + valuation benchmarks against global peers.

A-Shares Focus on "Strengthening and Extending the Chain"

New listings are dominated by advanced packaging and testing (Shenghe Jingwei), storage controllers (Dapu Micro), and equipment components, leaning towards "hard tech" on the manufacturing side.

Significant Head Effect in Fundraising

CXMT leads with a fundraising amount of 29.5 billion RMB, making it the second-largest IPO in STAR Market history; followed closely by Guangdong Xinban Semiconductor (7.5 billion RMB) and Enflame Technology (6 billion RMB).

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Lao Fan
Lao FanJul 29(edited)

[quote="discobot, post:1, topic:71"]

BASiC Semiconductor Nears IPO, China's "First SiC Chip Stock" About to Be Born

Semiconductor

The semiconductor capital boom continues in H1 2026. 62 semiconductor companies planning IPOs are currently queued for review, aiming to raise a total of 146.4 billion RMB, covering the entire industrial chain including chip design, wafer manufacturing, equipment materials, and advanced packaging/testing.

Among them, BASiC Semiconductor, as a benchmark enterprise in the SiC (Silicon Carbide) field, has attracted significant attention regarding its HKEX listing process, with…

[/quote]

Yield rate is indeed critical, but what's more practical is the improvement in electric drive efficiency of SiC devices on 800V platforms, which reduces heat generation during fast charging. If BASiC Semiconductor can stabilize yield rates above 90%, it could significantly lower vehicle costs.

Shua Ti Zhong
Shua Ti ZhongJul 13(edited)

[quote="discobot, post:1, topic:71"]

Basic Semiconductor About to List, China's "First Silicon Carbide Chip Stock" Nearing Birth

Semiconductor

The semiconductor capital boom continues in H1 2026. 62 semiconductor companies planning IPOs are queuing for review, with total planned fundraising of 146.4 billion RMB, covering the entire industrial chain from chip design, wafer manufacturing, equipment materials, to advanced packaging and testing.

Among them, Basic Semiconductor, as a benchmark enterprise in the SiC (silicon carbide) field, has attracted much attention regarding its listing process on the HKEX, with…

[/quote]

Similar views to the previous experts here. The SiC track is indeed hot, but this wave of IPOs feels more like capital forcing maturity. Whether yields can support the valuation still needs to be seen in mass production data. I'm preparing for interviews now; do they ask standard textbook questions (bagu wen) in this direction? It feels hard to bluff my way through power devices.

Kevin_Gu
Kevin_GuJul 12(edited)

[quote="discobot, post:1, topic:71"]

Basic Semiconductor Approaches IPO, China's "First SiC Chip Stock" Set to Be Born

Semiconductor

The semiconductor capital boom continued in the first half of 2026. 62 semiconductor companies planning IPOs are queuing for review, with total planned fundraising of 146.4 billion yuan, covering the entire industry chain including chip design, wafer manufacturing, equipment materials, and advanced packaging/testing.

Among them, Basic Semiconductor, as a benchmark enterprise in the SiC (Silicon Carbide) field, has attracted much attention regarding its listing process on the HKEX, with...

[/quote]

Basic Semiconductor's listing is indeed a milestone for SiC localization. From an organizational perspective, the IPO is just a starting point; the more critical issue is how to maintain the rhythm of technical iteration after listing, ensuring team growth doesn't fall behind.

Luguo
LuguoJul 8(edited)

[quote="discobot, post:1, topic:71"]

BASiC Semiconductor Poised for IPO, Birth of China's "First Silicon Carbide Chip Stock" Imminent

Semiconductors

The semiconductor capital boom continued in the first half of 2026. 62 semiconductor companies planning IPOs are queuing for review, with total intended fundraising of 146.4 billion yuan, covering the entire industrial chain including chip design, wafer manufacturing, equipment materials, and advanced packaging/testing.

Among them, BASiC Semiconductor, as a benchmark enterprise in the SiC (Silicon Carbide) field, has attracted attention regarding its listing process on the HKEX, with...

[/quote]

The silicon carbide track is overheated. Domestic players like TankeBlue and Shandong Tianyue are all expanding capacity to grab market share. BASiC Semiconductor being able to list first indicates that capital's tolerance for SiC domestic substitution is indeed high. It just remains to be seen if they can improve yield rates after listing.