Congratulations! GalaxyCore's IPO was successful, raising 6.96 billion yuan to build a 12-inch fab
On November 6, according to the results of the 98th review meeting of the Science and Technology Innovation Board Listing Committee in 2020 released by the Shanghai Stock Exchange, Gpixel Technologies Inc.'s IPO was approved.
According to information, GalaxyCore is one of the world's leading semiconductor and integrated circuit design companies, and its main business is the research and development, design and sales of CMOS image sensors and display driver chips. The company currently mainly provides CMOS image sensors with QVGA (80,000 pixels) to 13 million pixels and LCD driver chips with resolutions between QQVGA and FHD. Its products are mainly used in the mobile phone field, and are also widely used in consumer electronics and industrial applications including tablets, laptops, wearable devices, mobile payments, automotive electronics, etc.
At present, GalaxyCore has become a world-leading supplier of CMOS image sensors. According to Frost & Sullivan statistics, in 2019, the company shipped 1.31 billion CMOS image sensors, accounting for 20.7% of the global market share, ranking second in the industry; in terms of sales revenue, in 2019, the company's CMOS image sensor sales revenue reached 3.19 billion yuan, ranking eighth in the world.
Raised 6.96 billion yuan to invest in 12-inch CIS project
The funds raised from the IPO of GalaxyCore after deducting the issuance expenses will be invested in the following projects:
GalaxyCore stated that the company's use of the raised funds this time is all centered around its main business. Among them, the 12-inch CIS integrated circuit special process research and industrialization project, under the background of tight global BSI wafer supply, guarantees the supply of 12-inch BSI wafers through "self-built production lines and segmented processing", realizes independent control over the key production steps of CIS special processes, and consolidates and enhances the company's market position and comprehensive competitiveness.
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