The Securities Regulatory Commission agreed to register Guangdong Semiconductor's GEM IPO

The Zhitong Finance App learned that on August 28, the Securities Regulatory Commission issued the “Approval to Register the Initial Public Offering of Shares by Yuexin Semiconductor Technology Co., Ltd.” According to reports, Guangdong Semiconductor plans to be listed on the Shenzhen Stock Exchange GEM. GF Securities is the sponsor and plans to raise 7.5 billion yuan.

According to the prospectus, the company is an integrated circuit manufacturer dedicated to providing 12-inch foundry services and special process solutions for domestic and foreign chip design companies. The company uses specialty process foundry as its core business model to serve chip design companies and terminal customers. The main customers cover many first-class semiconductor industry design companies at home and abroad. The company has process R&D and manufacturing capabilities for products such as integrated circuits and power devices. The product application fields cover consumer electronics, industrial control, automotive electronics and artificial intelligence.