CSRC approves Qiangyi Share's registration for IPO on the Sci-Tech Innovation Board.

On November 27th, the China Securities Regulatory Commission issued the approval of the initial public offering of shares by Qiang Yi Semiconductor (Suzhou) Co., Ltd. It is reported that Qiang Yi plans to list on the Shanghai Stock Exchange Science and Technology Innovation Board, with China Securities Co., Ltd. as its sponsor, aiming to raise 1.5 billion yuan. According to the prospectus, Qiang Yi is a high-tech enterprise specializing in semiconductor design and manufacturing services, focusing on the research, design, production, and sales of wafer test core hardware probe cards. The company has professional design capabilities for probe cards and their core components, and is one of the few domestic manufacturers with independent MEMS probe manufacturing technology that can mass produce and sell MEMS probe cards, breaking the overseas monopoly in the MEMS probe card field. With Qiang Yi's independent research and development of 2D MEMS probe cards from probes, domestic manufacturers represented by the company have continuously increased their market share in recent years. According to Yole's data, the company will rank ninth in the global semiconductor probe card industry in 2023, becoming the first domestic enterprise to enter the top ten manufacturers in the global semiconductor probe card industry in recent years.