IPO News | Xihua Technology submits listing to the Hong Kong Stock Exchange

The Zhitong Finance App learned that according to the Hong Kong Stock Exchange disclosure on December 3, Shenzhen Xihua Technology Co., Ltd. (Xihua Technology for short) submitted the Hong Kong Stock Exchange main board, and Agricultural Bank International is its sole sponsor.

According to the prospectus, Xihua Technology is an end-side AI chip and solution provider. The company's smart display chips and solutions mainly include Aiscaler and STDI chips; while smart sensing chips and solutions mainly include TMCU, general MCU, touch chip and smart cockpit solutions. The company's products have been adopted by many mainstream automotive OEMs and world-renowned consumer electronics brands, and the mass-produced chip product portfolio can meet the different needs of customers in emerging markets such as consumer electronics, the automotive industry and physical intelligence.

According to Frost & Sullivan's report, Xihua Technology has developed the world's first ASIC architecture scaler, or AiScaler, which has mastered key technologies in lossless visual compression, image quality enhancement, and high-speed interface transmission. From a strategic entry into the smartphone screen application market, the company AiScaler's market share has grown rapidly and has now become a leading global product. In 2024, Xihua Technology's AiScaler shipped approximately 37 million units.

According to the Frost & Sullivan report, in 2024, in terms of shipment volume, Xihua Technology ranked second in the global Scaler industry and number one in the AsicScaler industry. According to the same source, Xihua Technology's latest generation of automotive-grade TMCUs has maintained a leading position in the world in the field of intelligent sensing specifications and performance.