New stock news | Basic Semiconductor submits its third listing application to the Hong Kong Stock Exchange.

According to the disclosure by the Hong Kong Stock Exchange on June 5, Shenzhen Basic Semiconductor Co., Ltd. (referred to as "Basic Semiconductor") has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with Sinolink (Hong Kong) Limited and BOC International Holdings Limited as its joint sponsors. The company had previously submitted listing applications to the Hong Kong Stock Exchange on December 4, 2025, and May 27, 2025. According to the prospectus, Basic Semiconductor was established in 2016 and is engaged in the research, development, manufacturing, and sales of silicon carbide power devices in China. The company mainly provides automotive-grade and industrial-grade silicon carbide power modules, silicon carbide discrete devices, and power semiconductor gate drivers. According to Frost & Sullivan data, based on revenue for 2024, the company ranks sixth in the Chinese silicon carbide power module market with a market share of 2.9%, ranking third among Chinese companies. Based on revenue for 2024, the company ranks ninth in the Chinese silicon carbide discrete device market and ninth in the power semiconductor gate driver market, with market shares of 2.7% and 1.7%, respectively.