CSRC approves Xih Technology's IPO registration on the STAR Market.

On October 23, the CSRC issued the "Reply on Approving the Registration of the Initial Public Offering of Shanghai Xihe Technology Co., Ltd." It is reported that Xihe Technology will be listed on the STAR Market of the Shanghai Stock Exchange, with Guotai Haitong serving as its sponsor, and plans to raise RMB 1.830 billion. According to the prospectus, Xihe Technology focuses on the R&D and commercialization of silicon photonics integration technology. Its main products are high-performance silicon photonics integrated chips, with product speeds covering 400G, 800G, and 1.6T. They have been applied at scale in AI clusters and hyperscale data centers. In 2026, the company launched NPO/CPO transceiver-integrated chips and has already generated revenue from them. Xihe Technology is an independent third-party manufacturer, supplying silicon photonics integrated chips to the entire market. It has entered the supply chains of major international optical module manufacturers, and its products are ultimately used in the AI clusters and hyperscale data centers of major domestic and international cloud service providers. According to Frost & Sullivan data, in 2025, Xihe Technology's global market share in silicon photonics integrated chips was approximately 13%, making it a leading global silicon photonics integrated chip manufacturer and one of the world's foremost independent third-party silicon photonics integrated chip design companies.