Basic Semiconductor

Shenzhen Basic Semiconductor develops and industrializes silicon carbide power devices, covering material preparation, chip design, manufacturing, packaging, testing, and driver applications across the supply chain.

Basic Semiconductor (9971.HK) gains 6% in Hong Kong trading after securing a **193 million yuan contract** with China Construction Second Engineering Bureau for a **silicon carbide (SiC) module packaging production line** in Shenzhen. The company also announces a **price increase of up to 25%** for select products, effective in Q3 2026, as it expands SiC capacity.

Aug 2026LongbridgeNews article

Basic Semiconductor launches its Hong Kong IPO at the upper end of its pricing range, setting the share price at **US$3.82**. Retail investors overwhelmingly subscribe to the offering, with demand exceeding supply by **over 4,800 times**, highlighting strong public interest in the semiconductor company’s market entry.

Jul 2026dealroom.coNews article

Clifford Chance leads the legal advisory for BASiC Semiconductor’s Chapter 18C listing in Hong Kong. The firm’s partners Tianning Xiang, Fang Liu, and Claire Cao co-head the transaction, supported by a team including counsel Haoze Zheng, senior associate Elaine Lau, and multiple associates and trainees. The listing marks BASiC Semiconductor’s entry into Hong Kong’s capital markets under a specialized regulatory framework.

Jul 2026Clifford ChanceNews article

BASiC Semiconductor Co., Ltd. successfully concludes its initial public offering (IPO), raising **HKD 865.95 million** in capital. The company, focused on semiconductor solutions, secures funding through its public market debut. The transaction marks a significant milestone for the firm’s growth and expansion in the semiconductor industry.

Jul 2026MarketScreenerNews article