It is reported that gallium nitride (GaN) chip manufacturer Innoscience is considering an IPO in Hong Kong as early as this year, with a financing scale of approximately US$300 million. Currently, Innoscience is cooperating with CICC and CMB International on the listing.
Founded in December 2015, Innoscience aims to build the world's largest gallium nitride (GaN) production base that adopts a full industry chain model and integrates design, R&D, production and sales. The company mainly designs, develops and manufactures high-performance, high-reliability gallium nitride power devices covering various applications from low voltage to high voltage (30V-650V). It is also committed to the development of gallium nitride technology-related systems and solutions. Innoscience has released product solutions in the areas of lidar, data center, 5G communications, high-density and efficient fast charging, wireless charging, vehicle chargers, LED lighting drivers, etc., and has carried out in-depth cooperation with many leading domestic application companies, achieve mass production.
As a third-generation semiconductor company with the world's leading technology, Innoscience has achieved major breakthroughs in 8-inch gallium nitride on silicon core technology and key process areas, establishing a high-power density, high-efficiency, high-gain, low-cost silicon Based on the gallium nitride mass production platform, China has achieved a breakthrough in the third generation of semiconductors.
At present, Innoscience has two 8-inch silicon-based gallium nitride production bases, using the most advanced 8-inch production technology, and is the highest-capacity gallium nitride device manufacturer in the world. Innoscience's 8-inch GaN-on-Si production capacity has reached 15,000 pieces per month and will gradually expand to more than 70,000 pieces per month. Last year, Innoscience's gallium nitride shipments exceeded 500 million units, with a market share of more than 30%. Its suppliers cover smartphone brands such as oppo, vivo, and Lenovo, car companies such as BYD, and the new energy field.
Innoscience’s investors include CMB International, Korean company SK Group, Arm, CATL, etc. Other investors may include Dongfang State-owned Assets, Huaye Tiancheng Capital, Zhongping Capital, National Venture Capital, Titanium Capital, etc.