Recently, Shaoxing SMIC Integrated Circuit Manufacturing Co., Ltd. (referred to as "SMIC Integrated") has entered the IPO issuance stage and is about to launch a sci-tech innovation version. The A-share market will add another semiconductor technology innovation enterprise.
SMIC was established in 2018 and has established complete technology and product lines in three analog electronic directions: power semiconductor, sensing signal chain, and RF front-end. We provide customers with a one-stop integrated manufacturing service of "chip foundry+packaging testing".
SMIC Integrated focuses on analog chips and module OEM, quickly establishing an independent and complete R&D and production system within 5 years, and forming a series of core technology achievements with independent intellectual property rights. It has undertaken multiple national key R&D plans and major scientific and technological projects, and its products have strong market competitiveness.
Not only that, the company takes independent research and development as its foundation, lays a solid foundation for development technology, and continuous and significant research and development investment provides a solid guarantee for building a technological moat. Multiple platform products have gradually achieved synchronization with international advanced levels, especially the high current density and high-power automotive grade chip technology, which has entered the global advanced ranks. From 2020 to 2022, SMIC's integrated revenue reached 739 million yuan, 2.024 billion yuan, and 4.606 billion yuan, achieving high-quality growth; The production capacity is 392900 pieces, 898000 pieces, and 1.39 million pieces respectively.
It is reported that the funds raised by SMIC's IPO are mainly invested in the second phase project, increasing equipment investment to meet the demand for rapid increase in production capacity. According to the company's second round of inquiry response materials, the production capacity of the company's first phase production line has reached 100000 pieces per month, and the ongoing second phase wafer manufacturing project is progressing smoothly. The newly added production capacity will mainly be aimed at rapidly growing new energy vehicles, wind and solar energy storage, smart grids, intelligent terminals and other application fields, providing strong support for the company's future sustained and rapid revenue growth.
