The China Securities Regulatory Commission has approved the IPO registration of Guangdong Xinxin Semiconductor on the Growth Enterprise Market.

On August 28, the China Securities Regulatory Commission issued a reply regarding the approval of the initial public offering registration for Guangdong Xinyan Semiconductor Technology Co., Ltd. It is reported that Guangdong Xinyan Semiconductor plans to be listed on the ChiNext board of the Shenzhen Stock Exchange, with GF Securities acting as the sponsor, aiming to raise 7.5 billion yuan. According to the prospectus, the company is an integrated circuit manufacturing enterprise dedicated to providing 12-inch wafer foundry services and specialty process solutions for domestic and foreign chip design companies. The companys core business model focuses on specialty process wafer foundry, serving chip design firms and end customers, with major clients including several top semiconductor design companies both domestically and internationally. The company has the capability for process research and development and manufacturing of integrated circuits and power devices, with applications spanning consumer electronics, industrial control, automotive electronics, and artificial intelligence.