New stock news | Nexchip Semiconductor Corporation (688249.SH) has submitted a second listing application to the Hong Kong Stock Exchange and is now the ninth largest wafer foundry company in the world.

According to the disclosure of the Hong Kong Stock Exchange on March 31, Hefei Nexchip Semiconductor Corporation (referred to as: Nexchip Semiconductor Corporation, 688249.SH) submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CICC as its exclusive sponsor. This is the company's second submission to the Hong Kong Stock Exchange. Company Profile The prospectus shows that the company is a leading 12-inch pure wafer foundry enterprise, located in a key part of the global semiconductor value chain. As a professional wafer foundry service provider, the foundry enterprise mass-produces high-quality processed wafers from the integrated circuit design blueprints of fabless, light wafers, and vertically integrated manufacturing (IDM) companies. Since its establishment, the company has been committed to advancing process technology. The company's foundry services cover the 150nm to 40nm technology nodes, and as of the last feasible date (March 21, 2026), the company has successfully developed a 28nm logic chip platform, enabling the company to meet the evolving demand for higher performance and more energy-efficient semiconductor solutions. The company's process capabilities revolve around key specific application integrated circuit categories, including display driver chips (DDIC) for display control, complementary metal-oxide-semiconductor image sensors (CIS) for image sensing, and power management integrated circuits (PMIC) for regulating and optimizing power usage. LogicIC (supporting data processing) and microcontrollers (MCUs, providing embedded control) have also grown rapidly during the reporting period. With this product portfolio, the company can support a wide range of applications, including consumer electronics, automotive electronics, industrial control, artificial intelligence (AI), the Internet of Things (IoT), and memory. The company's ability to combine differentiated process technology with stable manufacturing scale strengthens its position in the global wafer foundry field. According to Frost & Sullivan data, from 2020 to 2025, among the top ten wafer foundry enterprises in the world, the company's capacity and revenue growth rate ranked first globally. According to the same source, by 2025, in terms of revenue, the company ranks as the ninth largest globally and the third largest wafer foundry enterprise in mainland China. The company operates a large-scale integrated production base focused on 12-inch wafer foundry in Hefei, Anhui province. The production facilities are concentrated within a single manufacturing park. As of December 31, 2025, the total built-up area of the production base is approximately 387,007.6 square meters, and in 2025, the average monthly output of 12-inch wafers is 139,000 units. The company's technology platform portfolio mainly supports DDIC, CIS, and PMIC foundry services, while LogicIC and MCU have grown rapidly during the reporting period. Based on diverse technology nodes ranging from 150nm to 28nm, each platform is equipped with application-specific process modules and a range of device options, such as high-voltage transistors, embedded non-volatile memory, and imaging structures, to meet the functional requirements of different end applications and improve product performance, cost-effectiveness, and design flexibility. These platforms form the foundation of foundry services, allowing the company to provide the best power performance, enhanced processing speed, integrated density, and manufacturability across a wide range of applications. The competitive landscape of the wafer foundry industry is characterized by high concentration and dynamic innovation, with leading global and domestic wafer foundry enterprises continuously investing in process technology and capacity expansion. According to Frost & Sullivan data, in terms of revenue, the top ten wafer foundry enterprises collectively held a market share of 96.9% in 2025. According to the same source, in terms of revenue, the company ranked as the ninth largest wafer foundry enterprise globally and the third largest wafer foundry enterprise in mainland China in 2025. From 2020 to 2025, the company's capacity and revenue growth rate among the top ten wafer foundry enterprises globally ranked first. The company's ongoing investments in technology innovation, process optimization, customer engagement, and capacity expansion will further consolidate its leading position in the global wafer foundry market, leveraging emerging market trends. Financial Information Revenue In 2023, 2024, and 2025, the company's revenue was approximately RMB 7.183 billion, RMB 9.120 billion, and RMB 10.388 billion, respectively. Profit In 2023, 2024, and 2025, the company's annual profit was approximately RMB 119 million, RMB 482 million, and RMB 466 million, respectively. Gross Profit Margin In 2023, 2024, and 2025, the company's gross profit margin was 20.3%, 25.2%, and 22.7% respectively. Industry Overview The global integrated circuit market is expected to grow from $463 billion in 2021 to $677.9 billion in 2025, with a compound annual growth rate of 10.0%. From 2021 to 2022, the demand for home and online office products surged due to the impact of global public health events, leading to increased sales of terminal electronic consumer products. However, multiple public health events affecting employee health and attendance resulted in a decrease in the operating proportion of some wafer foundry enterprises, leading to insufficient production and supply capacity utilization, causing a shortage of integrated circuits and tightening the supply chain for integrated circuits, thereby causing the prices of integrated circuit products to rise significantly. However, in 2022, the integrated circuit industry saw a peak with a market size of $474.4 billion. In 2023, as production resumed and the supply chain tension gradually eased, the global integrated circuit market size slightly decreased, with chip prices and market demand returning to normal levels. From 2026 to 2030, the global market is expected to grow at a compound annual growth rate of 11.2% and reach $1,115 billion by 2030. Due to the rapid growth of the high-tech demand for consumer electronics, automotive electronics, artificial intelligence technology, and other industries, the global semiconductor industry has developed rapidly. The global wafer foundry market has grown from $100.2 billion in 2021 to $174.7 billion in 2025, with a compound annual growth rate of 14.9%. Despite a slight decline in 2023 due to the downstream integrated circuit market shrinking, the market is expected to reach $295.5 billion by 2030, with a compound annual growth rate of 10.7% from 2026 to 2030. The sales of the mainland China wafer foundry market grew from $9.4 billion in 2021 to $17.2 billion in 2025, with a compound annual growth rate of 16.3%. China's market share in the global market increased from 9.4% in 2021 to 9.8% in 2025. With the further acceleration of the localization of the supply chain, the mainland China wafer foundry market is expected to continue expanding. From 2026 to 2030, the compound annual growth rate is expected to increase to 15.1%, reaching $34.7 billion by 2030, with a predicted market share of 11.8%. According to process nodes, wafer foundry enterprises of 22nm and below are expected to become the key growth drivers of the industry in the future. The 22nm segment is expected to grow from $12.9 billion in 2021 to $20 billion in 2025, with a compound annual growth rate of 11.5%, and is expected to reach $37.6 billion by 2030, with a compound annual growth rate of 13.5%. Meanwhile, the segment below 22nm is expected to increase from $10.2 billion in 2021 to $48.7 billion in 2025, with a compound annual growth rate of 48.0%, and is expected to further grow to $117.8 billion by 2030, with a compound annual growth rate of 19.3%.