Congratulations to Hua Hong Semiconductor Ltd. (688347.SH) on its Successful Listing

 

Hua Hong Semiconductor Ltd. has been successfully listed on the Science and Technology Innovation Board (STAR) of the Shanghai Stock Exchange (SSE) on 7 Aug 2023 after the company has been listed on the main board of HKEx in 2014.

 

Hua Hong Semiconductor is a world-leading specialty process wafer foundry company which has the most comprehensive coverage of specialty process platforms in the industry. Based on the strategic goal of using advanced "Specialty IC + Power Discrete", the company provides wafer foundry and supporting services for diversified specialty process platforms including embedded/standalone non-volatile memory, power discrete, analog and power management, logic and RF, with a focus on expanding specialty process technologies.

 

The company has accumulated over 25 years of experience in the semiconductor manufacturing field which has consistently pursued independent innovation and continuously researched and mastered key core technologies of specialty processes. According to TrendForce, in the field of embedded non-volatile memory, Hua Hong Semiconductor is the world's largest IC card foundry and the largest MCU foundry in China. In the field of power discrete, the company ranks first in the world in power discrete wafer foundry capacity and is the only enterprise with both 8-inch and 12-inch wafer fabrication facilities.

 

Meanwhile, Hua Hong Semiconductor has been actively participating in global competition, attracting and serving many renowned local and foreign clients, and occupying an important position in the global semiconductor industry competition. According to IC Insights' annual global wafer foundry company rankings released in 2021, the company ranked sixth globally and second in mainland China. During the reporting period, the company's business growth exceeded benchmark peer companies or the global industry average.

 

With regard to this listing application, AVISTA Group is honored to be engaged in providing valuation services in relation to financial assets, investment property and employee stock option plan.

 

Congratulations again to Hua Hong Semiconductor Ltd. (688347.SH, 1347.HK) on its successful listing. The issue price is CNY 52 per share, and the amount of funds raised is CNY 21,203 million.