New stock news | Semiconductor company Ximi's Hong Kong IPO prospectus invalid

Xinmai Semiconductor Technology (Hangzhou) Co., Ltd. (referred to as Xinmai Semiconductor) submitted its Hong Kong IPO prospectus on January 7, 2026, which expired after 6 months on July 7, 2026. Huatai International served as its exclusive sponsor. The prospectus shows that Xinmai Semiconductor is a power semiconductor company that provides efficient power management solutions through its own process technology. The company's products cover three major technology areas: mobile technology, display technology, and power devices, widely used in: automotive; telecommunications equipment; data centers; industrial applications; and consumer electronics products. Xinmai Semiconductor adopts a Fab-Lite IDM business model, establishing a comprehensive supply system including China and overseas supply chains. The company's products focus on providing customized solutions and high performance for leading customers, with a core focus on innovative IC and device design and the development of its own process platform. With approximately 16.76% equity in its long-term strategic wafer foundry partner Fuxin Semiconductor, and its position as one of its most important customers, Xinmai Semiconductor has priority in its production capacity and technology resources.