Chinese chip firm Silicon Integrity eyes Hong Kong stock market debut despite losses
Jiangsu Silicon Integrity Semiconductor Technology Co. Ltd., a Chinese chip packaging and testing company, has announced plans to list on the Hong Kong stock market. Despite a net loss in the first half of 2025, the company's revenue grew by 22% due to strong sales of QFN and BGA packaging methods.
Silicon Integrity's earnings were significantly driven by these packaging methods, contributing 31% and 31.8% respectively to total income. The company operates on an outsourced model, processing prefabricated wafers into packages and testing them. Despite the revenue increase, expenses outpaced gains, leading to a net loss of 207 million yuan ($29.1 million).
Founded in 2020, Silicon Integrity is backed by prominent investors such as MediaTek, Shanghai Longcheer Technology, and Xiaomi Changjiang. The company's biggest current stakeholder is Ningtaixin, holding 9.49%, with Zhang Guodong serving as its chairman. The global market for chip packaging and testing is projected to reach 933 billion yuan ($131.4 billion) by 2029, driven by demand for consumer electronics and AI-powered computing.
The company's listing on the Hong Kong stock market could provide a significant boost to its growth and expansion plans. Despite the recent net loss, the company's strong revenue growth and the positive outlook for the sector, driven by China's push for a self-sufficient chip industry, suggest a promising future for Silicon Integrity.
