Mainland semiconductor CIM (Computer Integrated Manufacturing) company Semitech is planning to list in Hong Kong, targeting fundraising of $200 million. The company is currently preparing related matters and expects to complete the listing next year.
According to information available, Semitech was established in 2017 and specializes in providing production management services for the semiconductor and pan-semiconductor industries. Its solutions have been successfully applied in multiple fields including silicon wafer production, wafer fabrication (FAB), and assembly and testing, and have completed mass production verification at several 12-inch wafer fabs.
In 2023, the company launched its main software brand PlantU series (Plant to You, creating intelligent factories for you), with product lines covering business management, production management, quality management, scheduling and planning, logistics automation, equipment automation, and general tools.
Semitech initiated its A-share listing process in 2023, with Haitong Securities serving as the tutoring institution, and completed the listing tutoring registration with the Shanghai Securities Regulatory Bureau, though there was no subsequent follow-through.
In 2024, the company completed its C+ round financing involving hundreds of millions of yuan, led by CCV Capital, with participation from Yongtai Capital, Shenwan Hongyuan, Blue Ocean Fund, Industrial Bank, and others. The proceeds are mainly used for product R&D investment, talent reserves, and accelerating overseas market expansion.