The Zhitong Finance App learned that according to the Hong Kong Stock Exchange's disclosure on June 12, Innosecco (Suzhou) Technology Co., Ltd. (Innosecco) submitted a listing application to the main board of the Hong Kong Stock Exchange, with CICC and CMB International as co-sponsors.

According to the prospectus, Innosecco is committed to innovation in the gallium nitride power semiconductor industry and ecosystem. The company is the first company in the world to mass-produce 8-inch silicon-based gallium nitride wafers, and is also the only company in the world that provides full-voltage silicon-based gallium nitride semiconductor products on an industrial scale. According to Frost & Sullivan, in terms of revenue, Innosecco ranked first among all gallium nitride power semiconductor companies in the world in 2023.

As of December 31, 2023, Innosecco has the world's largest gallium nitride power semiconductor production base, with a production capacity of 10,000 wafers per month. Compared to 6-inch silicon-based gallium nitride wafers, the division's advanced mass production technology has also increased wafer grain output by 80% and reduced the cost of a single device by 30%.

Furthermore, Innosecco is leading innovation in the power semiconductor industry and fostering an ecosystem around gallium nitride products. According to Frost & Sullivan, the company's revenue in 2023 is approximately RMB 592.7 million, accounting for 33.7% of the market share of the gallium nitride power semiconductor industry. As of December 31, 2023, the department's cumulative shipment volume in terms of gallium nitride discrete devices is over 500 million units.