New Stocks News | Xizhi Technology Successfully Passes Hong Kong Stock Exchange Hearing to Become the World's First AI Silicon Photonic Chip Company

According to the disclosure by the Hong Kong Stock Exchange on April 12th, Shanghai Xizhi Technology Co., Ltd. (referred to as Xizhi Technology) has conducted a listing hearing on the main board of the Hong Kong Stock Exchange, with CICC and Guotai Haitong as joint sponsors. According to the prospectus, Xizhi Technology focuses on the field of optoelectronic hybrid computing power. Since its establishment, the company has built a portfolio of products and solutions based on self-developed optoelectronic hybrid chip technology, with optical interconnect and optical computing as its core, providing scalable and cost-effective solutions. According to information from Frost & Sullivan, the company is the first in the world to achieve large-scale deployment of optoelectronic hybrid computing power. Xizhi Technology has deep cooperation with leading enterprises and has achieved commercial deployment in a wide range of downstream applications such as electronic design automation and AI-related tasks. As of March 23, 2026, the company has commercialized the following products: optical interconnect products including optical interconnect with electronically switched group switches (Scale-up EPS), optical interconnect with optical path switches (Scale-up OCS), and intelligent transceivers supporting NexusBench; and optical computing products including the optical-electric hybrid computing accelerator card PACE and PACE 2 (Xizhi Tianchu), the optical-electric hybrid computing accelerator card OptiHummingbird based on on-chip optical network technology (oNOC), and the optical processor evaluation kit Gazelle. Furthermore, Xizhi Technology has built a strategic partner ecosystem and successfully promoted business growth through it, achieving value conversion - during the historical period, the company's revenue increased from approximately RMB 0.38 billion in 2023 to approximately RMB 1.06 billion in 2025, with a compound annual growth rate of 66.9%. According to information from Frost & Sullivan, by 2031, the Chinese Scale-up optical interconnection and optical computing market sizes are expected to reach approximately RMB 270.4 billion and RMB 25.46 billion respectively. In the optical computing market, the prospectus shows that around after 2035, optical computing products and solutions are expected to coexist on a large scale with traditional electronic computing. With the rapid rise of the computing market in China, Xizhi Technology is expected to continuously increase the penetration rate of its products in the global market, expand market share, and consolidate its market leadership position.