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May 2026
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Largest Semiconductors Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
Foxconn Industrial Internet, Cambricon Technologies, SMIC, Hygon Information Technology and NAURA Technology Group.
 | Foxconn Industrial Internet Co Ltd is engaged in the design, research and development, manufacturing, and sales of various electronic equipment products. The company's main products include communications network equipment, cloud service equipment, precision tools, and industrial robots. | $11 | +251% | $216B | $214B | 1.6x | 27.5x | ||
| Cambricon Technologies Corp Ltd is engaged in designing and selling artificial intelligence core chips in various cloud servers, edge computing equipment, terminal equipment, providing customers with rich chip products and system software solutions. | $183 | +109% | $115B | $114B | 118.8x | 331.3x | ||
| Founded in 2000, Semiconductor Manufacturing International Corporation is the largest foundry in China and the third-largest globally after TSMC and Samsung Electronics, overtaking GlobalFoundries and United Microelectronics Corp in 2024. The company’s headquarters and foundry are in Shanghai, with additional foundries in Beijing, Tianjin, and Shenzhen, and offices in the United States, Europe, Japan, Taiwan, and Hong Kong. Its products are used in artificial intelligence, data centers, automotive, consumer electronics, memory, and "Internet of Things" products. SMIC employs over 19,100 people. | $12 | +70% | $100B | $102B | 11.0x | 19.5x | ||
| Hygon Information Technology Co Ltd is engaged in the research and development, design, and sales of high-end processors used in computing and storage devices such as servers and workstations. The company's products include Hygon central processing unit (CPU) and Hygon drive control unit (DCU). | $41 | +98% | $95B | $94B | 44.2x | 118.0x | ||
| NAURA Technology Group Co Ltd engages in the research, development, manufacture, sale, and service of electronic equipment and components in the People's Republic of China. The company offers semiconductor equipment, including etching equipment, PVD and CVD equipment, oxidation/diffusion equipment, cleaning equipment, novel display equipment, gas mass flow controllers, etc., and vacuum heat treatment equipment and technical solutions for the semiconductors, photovoltaic equipment, vacuum electronic devices, magnetic materials, aerospace, and smart power grid sectors. | $87 | +83% | $63B | $63B | 10.8x | 55.8x | ||
| Victory Giant Technology (HuiZhou)Co Ltd is a China-based company principally engaged in the research and development, manufacture, and sale of printed circuit boards (PCBs). The company's products are widely used in LED displays, servers, communications, medical equipment, new energy vehicles, computer peripherals, and other fields. The company's main products include double-sided PCBs and continuous layer PCBs. | $51 | +160% | $50B | $51B | 17.8x | 56.3x | ||
| SJ Semiconductor Corp is engaged in mid-stage silicon wafer processing and back-end packaging business in the packaging and testing industry for integrated circuits. | $26 | -- | $49B | $49B | 51.0x | 115.1x | ||
| GigaDevice Semiconductor Inc is engaged in the domestic storage and Internet of Things (IoT) chip industry. Its product portfolio comprises of flash memories and microcontrollers. Some of its products are SPI NOR flash, SPI NAND flash, and ARM Cortex-M3, among others. The products are for use in embedded, consumer, and mobile communications applications. | $70 | +282% | $49B | $47B | 34.5x | 147.2x | ||
| Montage Technology Co Ltd provides chip-based solutions for cloud computing and artificial intelligence. The company operates two main product lines: interconnection chips and the Jindai Server Platform. Its interconnection chip portfolio covers memory interface chips, memory module support chips, PCIe retimers, and related products. The Jindai Server Platform includes the Jindai CPU and Hybrid Secure Memory Module. | $35 | +195% | $43B | $40B | 50.2x | 111.7x | ||
| Moore Threads Technology Co Ltd is principally engaged in the R&D, design and sales of graphics processing units(GPUs) and related products. The business includes providing technical services, technology development, technical consulting, technology exchanges, technology transfers, technology promotion and information system integration. Besides chip design and sales, it also engages in import-export activities related to technology and hardware products. | $89 | -- | $42B | $41B | 184.2x | (329.1x) | ||
| Hua Hong Semiconductor, or Hua Hong, is the second-largest Chinese foundry and the seventh-largest globally. Its current form is a result of an intragroup restructuring completed in 2013. Hua Hong is headquartered in Shanghai with another plant in Wuxi, China, and has sales offices in Japan, Taiwan, and the US. It employs more than 7,400 employees. Hua Hong’s products are used on smartphones, PCs, for the Internet of Things, data centers, and for automotive and industrial purposes, among others, but it focuses on more mature process technologies. | $23 | +335% | $39B | $38B | 16.0x | 52.2x | ||
| Shennan Circuits Co Ltd is engaged in research and development, production, and sales of printed circuit boards, packaging substrates, and electronic assembly products. | $56 | +259% | $38B | $39B | 11.1x | 49.1x | ||
| Advanced Micro-fabrication Equipment Inc is engaged in the development, production, and sales of equipment such as plasma etching equipment, deep silicon etching equipment, and metal organic chemical vapor deposition (MOCVD) equipment for microelectronic devices such as integrated circuits and LED chips. | $40 | +52% | $38B | $37B | 20.0x | 97.0x | ||
| MetaX Integrated Circuits (Shanghai) Co Ltd is engaged in the research, design, and sale of high-performance GPU chips and computing platforms. Its business activities include technical services, technology development, consulting, and technology transfer in the areas of integrated circuit, electronic, communication, computer software and hardware, and network technologies. The company also provides integrated circuit design, software development, and sells electronic products. | $94 | -- | $38B | $36B | 150.0x | (426.1x) | ||
| Avary Holding (Shenzhen) Co Ltd is engaged in the design, research & development, manufacturing, and sales of various printed circuit boards. The company's products mainly include communication boards, consumer electronics boards, automotive, server, and other boards. | $15 | +228% | $35B | $34B | 5.9x | 29.9x | ||
| Piotech Inc is engaged in the research and development, production, sales, and technical services of high-end semiconductor special equipment. The company provides three main product lines: Plasma Enhanced Chemical Vapor Deposition (PECVD) equipment for thin film formation in memory chip production, Atomic Layer Deposition (ALD) equipment for logic chip manufacturing, and Sub-Atmospheric Chemical Vapor Deposition (SACVD) equipment for wafer fabrication. | $86 | +286% | $24B | $24B | 24.9x | 148.3x | ||
| Accelink Technologies Co Ltd is an optoelectronic device company in China. It develops optoelectronic devices. Its main products include optical amplifiers, wavelength division multiplexers, optical switches, optical fiber couplers, and optical fiber connectors, among others. | $30 | +322% | $24B | $24B | 13.5x | 100.2x | ||
| Biwin Storage Technology Co Ltd focuses on the research and development and packaging and testing of memory chips. The company integrates storage medium characteristic research, firmware algorithm development, storage chip advanced packaging, storage chip test equipment R&D and algorithm development, brand operation and others. Its memory chip products are widely used in mobile smart terminals, PCs, industry terminals, data centers, smart cars, mobile storage and other information technology fields. | $45 | +361% | $21B | $22B | 13.4x | 119.7x | ||
| Shenzhen Techwinsemi Technology Co Ltd is engaged in the design, research and development of integrated circuits and industrial applications. | $88 | +619% | $20B | $21B | 13.1x | 152.2x | ||
| JCET Group Co Ltd is engaged in providing packaging and testing of integrated circuits and discrete devices, as well as chip design and manufacturing of discrete devices; providing customers at home and abroad with a complete set of semiconductor packaging and testing solutions, including packaging design, solder bumps, probes, assembly, testing, and distribution. | $11 | +129% | $20B | $21B | 3.6x | 22.2x | ||
| Yuanjie Semiconductor Technology Co Ltd is engaged in the research and development, design, production and sales of optical chips. | $159 | +460% | $20B | $20B | 221.4x | 476.2x | ||
| Hangzhou Chang Chuan Technology Co Ltd is a China based company engaged in the research and development, production and sales of integrated circuit equipment. Its product portfolio comprises of two product lines, namely Automatic sorting system and Test systems, to carry out research and development work. The Test systems product line comprises of CTA8280, CTT3280, CTT3600, CTT1000, and CTT3320. The Automatic sorting system comprises C1 series, C2 series, C3Q series, C7100/400, and C8 series, among others. | $30 | +361% | $19B | $19B | 24.4x | 85.8x | ||
| VeriSilicon Microelectronics Shanghai Co Ltd provides its customers with platform-based, all-round, one-stop custom silicon services and semiconductor IP licensing services leveraging its in-house semiconductor IP. The company provides a variety of customized silicon solutions, including high-definition video, high-definition audio and voice, In-Vehicle Infotainment, video surveillance, IoT connectivity, data center. In addition, VeriSilicon has five types of in-house processor IPs, namely GPU IP, NPU IP, VPU, DSP IP and ISP IP, and more than 1,400 analog and mixed signal IPs and RF IPs. | $34 | +140% | $18B | $18B | 37.9x | (553.0x) | ||
| OmniVision Integrated Circuits Group Inc designs, develops, and sales of integrated circuits, computer hardware and software, business information consulting, import and export of goods and technology, and leasing of owned houses. | $14 | -26% | $17B | $16B | 3.8x | 17.8x | ||
| ACM Research (Shanghai) Inc is engaged in research & development, producing and selling semiconductor special equipment. The company's products include semiconductor cleaning equipment, semiconductor electroplating equipment, and packaging wet equipment. | $32 | +92% | $15B | $15B | 14.9x | 61.6x | ||
| Suzhou Centec Communications Co Ltd is engaged in research & development, design and sales of Ethernet switching chips and supporting products. | $37 | +322% | $15B | $15B | 89.2x | (885.0x) | ||
| Nova Ltd is a provider of metrology and process control solutions used in semiconductor manufacturing. The company provides high-performance metrology solutions across the semiconductor fabrication lifecycle and develops differentiated inline metrology solutions deployed by a broad range of customers, including integrated circuit manufacturers. Its portfolio combines high-precision hardware and software, enabling customers to improve device performance, enhance yields, and accelerate time to market. Its products include Dimensional Metrology, Materials Metrology, Chemical Metrology, and Software Solutions. The company operates in China, Taiwan, R.O.C., the United States and other regions, with maximum revenue coming from China. | $482 | +75% | $15B | $15B | 17.1x | 47.7x | ||
| Shanghai Iluvatar CoreX Semiconductor Co Ltd offers GPGPU products and AI computing solutions across diverse industries. Its product portfolio includes GPGPU chips and accelerators, as well as customized AI computing solutions, including GPGPU servers and clusters, that combine its hardware with proprietary software stack to address specific customer needs in training and inference scenarios. The company specializes in the research, design, and deployment of advanced GPGPU products and AI computing solutions across diverse industries. | $57 | -- | $15B | $15B | 95.2x | (121.5x) | ||
| TongFu Microelectronics Co Ltd operates in the semiconductor industry. The company specializes in integrated circuit assembling and testing. The company provides customers with a full range of test platforms and engineering services to support a wide range of analog and mixed-signal, automotive, radio frequency, digital semiconductor devices, baseband, and application-specific integrated circuits. Its other products and services include wafer bump services, probe, final test, and post-test services. | $9 | +144% | $14B | $16B | 3.9x | 18.8x | ||
| TCL Technology Group Corp is a consumer electronics company in China. The company mainly operates its business through four segments. The Semiconductor display business segment focuses on R&D, production, and sales of display panels and modules, and full display processing operations. The New Energy Photovoltaic and Other Silicon Materials Business segment involves producing and selling various silicon-based materials, devices, and new energy products, and operating photovoltaic power plant projects. The Distribution Business segment covers the sales of computers, software, tablets, mobile phones, and other electronics. The Other Businesses segment encompasses industrial finance and investment activities, along with providing technology development and patent maintenance services. | $1 | +3% | $14B | $31B | 1.1x | 5.3x | ||
| Beijing YanDong MicroElectronic Co Ltd is a semiconductor company integrating chip design, wafer manufacturing, packaging and testing. | $9 | +230% | $13B | $13B | 49.7x | (9200.0x) | ||
| China Resources Microelectronics Ltd is engaged in designing, producing, and selling power semiconductors, smart sensors and smart control products, as well as providing open wafer manufacturing, packaging and testing, and other manufacturing services. | $10 | +42% | $13B | $11B | 7.0x | 38.2x | ||
| Anhui Tongguan Copper Foil Group Co Ltd is engaged in the research and development, manufacturing and sales of various high-precision electronic copper foils. | $16 | +753% | $13B | $13B | 12.8x | 215.7x | ||
| Hwatsing Technology Co Ltd is engaged in research and development, production, sales, and technical services of semiconductor special equipment. | $36 | +120% | $13B | $12B | 17.8x | 60.8x | ||
| National Silicon Industry Group was founded in 2015 after reorganizing several smaller silicon producers. Its major subsidiaries are Zing Semiconductor and Simgui domestically, and Okmetic in Finland. The company had an annual production capacity of 15 million wafers at the end of 2024. NSIG holds a 5% stake in France-based Soitec, which is a supplier and a customer. NSIG is headquartered in Shanghai, China and employs more than 3,400 people. | $4 | +41% | $13B | $13B | 23.9x | (410.2x) | ||
| Nexchip Semiconductor Corp is a semiconductor foundry specializing in integrated circuit production. The company’s products include display driver chips (DDIC), CMOS image sensors (CIS), microcontrollers (MCU), power management (PMIC), and logic applications (Logic). Its product applications cover consumer electronics, smart phones, smart home appliances, security, industrial control, automotive electronics, and other fields. | $6 | +113% | $13B | $15B | 9.4x | 20.5x | ||
| Rockchip Electronics Co Ltd is engaged in the design, development, and sales of integrated circuits and application solutions, providing customers with chip-related products and technical services. The company produces application processors, power management chips, and other self-developed devices, serving sectors such as IoT, consumer electronics, automotive, communications, and AI. | $27 | +21% | $11B | $11B | 16.6x | 58.2x | ||
| Sanan Optoelectronics Co Ltd is a China-based full-color ultra-high brightness LED epitaxial and chip manufacturer. It is engaged in the development, production, and sales of full-color and high-brightness LED epitaxial wafers, chips, compound solar cells, and high-powered condenser photovoltaic products. The products offered by the company are a sapphire substrate, an integrated circuit, a solar battery, an LED chip, an optical communication chip, and others. The company is also engaged in the sale of materials and waste materials, as well as the provision of other services such as leasing and property. | $2 | +24% | $11B | $12B | 4.4x | 17.0x | ||
| Beijing E-Town Semiconductor Technology Co Ltd is engaged in Research and development, production and sales of wafer processing equipment required in the integrated circuit manufacturing process. | $4 | -- | $11B | $10B | 13.6x | 74.7x | ||
| Shenzhen Kinwong Electronic Co Ltd is engaged in manufacturing and sale of Printed Circuit Boards (PCB). The group offers multi-layer PCB and flexible PCB. The products of the company are applied in consumer electronics, automotive, controller and equipment, network telecommunication and IT & PC peripheral. The firm has built a strategic partnership with global top brands such as Microsoft, Hitachi, Sanyo, Foxconn, Emerson, Honeywell, Logitech, and so on. Geographically operates through the Chinese market. | $11 | +75% | $10B | $11B | 4.7x | 29.5x | ||
| Ingenic Semiconductor Co Ltd is an integrated circuit design enterprise, mainly engaged in the research & development, as well as the sales, of integrated circuit chip products. The company’s main product lines include computing chips, storage chips, and analog and interconnection chips. The company’s products are widely used in automotive electronics, industrial and medical, communication equipment and consumer electronics, and other fields. The company’s chip products encompass processors, memory, and analog circuits, among others. The specific product categories are divided into computing chips, memory chips, analog & interconnect chips. The company generates the majority of its revenue from the memory chips. | $21 | +112% | $10B | $10B | 13.6x | 107.7x | ||
| Goke Microelectronics Co Ltd is an integrated circuit design enterprise based in China. The company develops chips and solution for digital cable, satellite, DTMB, and internet. It also provides professional services such as especially application platform, reference design and coordinate software systems. Its other product range consists of NDS advanced security decoding chip, H.265 high-definition chip, high-end acoustic chip, Wi-Fi chip, the high-end solid storage controlling chip and high-definition security monitor chip. | $46 | +275% | $10B | $10B | 37.5x | 710.2x | ||
| Suzhou Maxwell Technologies Co Ltd is engaged in the design, research & development, production, and sales of intelligent manufacturing equipment. The company’s solar cell equipment portfolio includes HJT heterojunction high-efficiency production lines and automated screen printing lines adaptable to multiple cell processes. It also develops core equipment for display panels covering laser cutting, bonding, repair, and hybrid bonding, and provides semiconductor packaging solutions, particularly in pan-cutting processes. | $36 | +255% | $10B | $10B | 8.2x | 54.2x | ||
| ASMPT designs, manufactures, and sells precision equipment used to assemble semiconductors and other electronic equipment. Listed on the Hong Kong Stock Exchange since 1989, ASMPT is headquartered in Hong Kong and has operations in Asia, Europe, and the US. It is the largest supplier globally in both the assembly and packaging equipment market and the surface mounted technology market. Recent growth has been driven by the growing use of advanced packaging in high end memory, logic semiconductors, and electric vehicles. | $24 | +223% | $10B | $10B | 5.5x | 36.8x | ||
| Henan Shijia Photons Technology Co Ltd is engaged in development, production, sales and related technical services of optical chips and devices, indoor optical cables and cable materials. The company's business covers optical chips and devices, indoor optical cables and cable materials. Its main products include PLC splitter chip series products, AWG chip series products, DFB laser chip series products, optical fiber connectors, indoor optical cables, cable materials. | $22 | +291% | $10B | $10B | 31.1x | 136.5x | ||
| Shenzhen Fastprint Circuit Tech Co Ltd is a hardware service supplier. It manufactures for printed circuit boards in China. The company's products mainly include samples and small-lots of PCBs, principally applied in communication, defense, aerospace, medical electronics, industrial control and computer applications, among others. | $6 | +197% | $10B | $10B | 9.8x | 92.2x | ||
| SG Micro Corp is a Chinese company engaged in the design, marketing, and selling of integrated circuits. Its products are used in cell phones, televisions, DVD players, digital cameras, notebook computers, consumer electronics, automobile electronics, industrial automation, and medical devices. The product portfolio of the company includes comparators, headphone drivers, audio drivers, video drivers, analog switches, complex switches, load switches, LED drivers, Li-ion battery chargers, and other products. | $16 | +48% | $10B | $9B | 16.3x | 90.2x | ||
| Unigroup Guoxin Microelectronics Co Ltd is a professional integrated circuit design company. It provides integrated circuit chips, smart card chips, terminal chips, special ICs, and crystal chips. The company operates through four segments: Management of the Headquarters handles organizational and staffing matters; Crystal Business focuses on quartz crystal frequency devices; Smart Security Chip Business covers chips for smart cards, terminals, and automotive use; and Special Integrated Circuit Business includes microprocessors, memory, and analog components. | $11 | +18% | $10B | $9B | 10.4x | 35.2x | ||
| United Nova Technology Co Ltd provides foundry service focusing on technology solutions for power, connection, and sensor signal chains. On top of wafer foundry service, It also extended its foundry service to module packages in order to support semiconductor companies with one stop solution. It provides a complete manufacturing platform to support customer mass production as well as technology development. | $1 | +64% | $10B | $10B | 8.7x | 20.3x | ||
| China Aerospace Times Electronic Co Ltd is a China-based company. It engaged in the manufacturing and distribution of aerospace electronic products. Its products include satellite applications, inertial navigation, Integrated circuit, Drone. | $3 | +87% | $9B | $10B | 4.7x | 58.2x | ||
| Sicc Co Ltd is engaged in the research and development, production and sales of silicon carbide substrates. | $19 | +127% | $9B | $9B | 41.8x | 289.9x | ||
| Hubei Dinglong Co Ltd is engaged in producing and supplying imaging chemicals used in electronic displays in China. It designs, develops and manufactures imaging materials for both toner and ink products. The company also offers Charge Control Agents (CCA), colorants and special pigments for both the imaging industry and automotive producers. The products of the company are chemical prepared toner, charge control agent for toner, colorants for inkjet, dispersion and emulsion, plastic colorants, toner cartridges, chemical mechanical polishing pad, among others. | $10 | -- | $9B | $9B | 17.3x | 51.8x | ||
| Zhejiang Jingsheng Mechanical and Electrical Co Ltd is engaged in research & development, manufacturing, and sales of crystalline silicon growth equipment and its control systems. The company's main products include single crystal growth furnaces, polycrystalline silicon furnaces, sapphire crystal and ingot furnaces, zone melting silicon furnaces, sapphire wafers, LED device testing and sorting equipment, and related products. | $7 | +79% | $9B | $9B | 5.4x | 28.6x | ||
| Hebei Sinopack Electronic Technology Co Ltd is engaged in the research and development, production and sales of electronic ceramic products. | $20 | +161% | $9B | $9B | 20.0x | 64.5x | ||
| Silicon Motion Technology Corp is engaged in developing NAND flash controllers for SSDs and other solid state storage devices. Its only operating segment is to develop NAND flash controllers and SSDs solutions. The company derives revenue from product categories such as Mobile Storage, Mobile Communications, and others. Silicon's geographical segments are Taiwan, the United States, Korea, China, Singapore, Malaysia, and others. The company products are used in Personal Computing, Smartphone/Tablet/CE, Flash Card/USB Flash Drive, Industrial and Embedded, Automotive, and Enterprise and Data centers. | $268 | +257% | $9B | $9B | 10.0x | 59.7x | ||
| Tianshui Huatian Technology Co Ltd is an integrated circuit (IC) packaging and test enterprise in China. Its main products include plastic integrated circuits, analog integrated circuits, and hybrid integrated circuits. | $3 | +86% | $9B | $10B | 4.0x | 16.6x | ||
| Suzhou Everbright Photonics Co Ltd is engaged in the research and development, manufacturing and sales of core components in the laser industry such as semiconductor laser chips, devices and modules. | $50 | +499% | $9B | $9B | 124.6x | 632.9x | ||
| Maxone Semiconductor (Suzhou) Co Ltd is engaged in the design and manufacturing of semiconductors. Its business includes research and development, processing, production, and sales of semiconductor products, integrated circuit testing equipment, and computer software, along with after-sales and technical support for related products. The company also sells semiconductor chips, connectors, and relays, and is involved in the import and export of these products and related technologies. | $68 | -- | $9B | $8B | 56.0x | 111.5x | ||
| Loongson Technology Corp Ltd is engaged in the development, sales and service of processors, and supporting chips. | $21 | +10% | $9B | $8B | 90.4x | (166.6x) | ||
| Maxscend Microelectronics Co Ltd is a Chinese-based company engaged in research, development, and sales of RF front-end chips. The company's main products include RF front-end chips, particularly RF switches and low-noise amplifiers. Its products are mainly used in mobile smart terminals such as smartphones. | $15 | +43% | $9B | $9B | 16.1x | 123.3x | ||
| Empyrean Technology Co Ltd is engaged in the development, sales, and related services of EDA tool software for integrated circuit design and manufacturing. It also provides technology development and foundry design enablement services, serving the IC design, manufacturing, and packaging sectors. | $16 | -13% | $9B | $8B | 42.8x | 285.2x | ||
| Shenzhen Kaifa Technology Co Ltd is an electronics manufacturing service provider. The firm manufacturers services for computers and storage related products, communication and consumer electronics, semiconductors and IC packing, medical devices, utility meeting systems and commercial and industrial products. | $5 | +98% | $8B | $8B | 3.5x | 20.4x | ||
| Hangzhou Silan Microelectronics Co Ltd is a China-based company principally engaged in the design, manufacture, and sale of electronic components. It is also engaged in the importing and exporting of mechanical and electrical products. The company's main products include integrated circuits, semiconductor discrete devices, and light-emitting diode (LED) products. | $5 | +34% | $8B | $9B | 4.5x | 31.8x | ||
| Yangzhou Yangjie Electronic Technology Co Ltd is engaged in research and development, manufacturing and sales of discrete semiconductor device products such as discrete device chips, power diodes and rectifier bridges. | $15 | +95% | $8B | $8B | 7.4x | 24.8x | ||
| Beijing Huafeng Test & Control Technology Co Ltd is engaged in research, development, production, and sales of semiconductor automated test systems. The company's products include STS 8200 Test System and STS 8300 Test System. | $56 | +166% | $8B | $7B | 36.5x | 79.6x | ||
| Camtek Ltd is engaged in the manufacturing of metrology and inspection equipment and software solutions for the semiconductor industry. Its systems inspect wafers for various semiconductor market segments, including Advanced Packaging, Heterogenous Integration (HI), Compound Semiconductors, Memory, and foundries among others. Geographically, it derives maximum revenue from China followed by Asia Pacific, Korea, United States, and Europe. The company's products and services include Surface Inspection, Bump Inspection and Metrology, and others. | $163 | +93% | $7B | $7B | 14.7x | 49.5x | ||
| Jiangsu Yoke Technology Co Ltd is engaged in organic phosphorus flame retardant business, LNG thermal insulation board business, silicon micropowder business, semiconductor chemical materials business, and electronic specialty gas business. | $16 | +95% | $7B | $8B | 6.0x | 27.7x | ||
| Konfoong Materials International Co Ltd develops and manufactures metal materials and sputtering targets for the semiconductor and integrated circuit industries. Its products include semiconductor targets, solar targets, LCD targets, and TF targets. Geographically the business activities are carried out through China, however, its products are sold Chinese and international market such as Europe, North America, and Asia. | $28 | +158% | $7B | $8B | 11.4x | 59.3x | ||
| SeeYA Technology Corp is engaged in the research, development, manufacturing, and sales of semiconductor devices, micro-display devices, and optical components, providing micro-display related solutions. | $7 | -- | $7B | $7B | 91.1x | (719.9x) | ||
| Kingsemi Co Ltd is engaged in the research and development, production and sales of semiconductor-specific equipment. The company's products include photolithography process coating and developing equipment and single-chip wet process equipment. | $35 | +125% | $7B | $7B | 24.7x | 261.2x | ||
| Anji Microelectronics Technology (Shanghai) Co Ltd is primarily involved in the research and development and industrialization of key semiconductor materials. | $40 | +80% | $7B | $7B | 18.2x | 44.6x | ||
| Hangzhou First Applied Material Co Ltd is a China-based company engaged in the production of solar cell adhesive film, solar cell backplane, photosensitive dry film, flexible copper clad laminate, silicone material, hot melt adhesive film (hot melt adhesive), hot melt web film (double-sided adhesive), clothing accessories (lining cloth); sales of solar cell modules, cells, polysilicon, polymer materials, and chemical raw materials and products. | $3 | +37% | $7B | $6B | 2.6x | 29.0x | ||
| Shanghai BOCHU Electronic Technology Corp Ltd is engaged in research & development, production, and sales of laser cutting control systems. The company develops follow-up control, board control, and bus control systems, along with related supporting products. | $23 | +19% | $7B | $6B | 17.9x | 30.6x | ||
| Amlogic (Shanghai) Co Ltd is engaged in the research & development, design, and sales of multimedia intelligent terminal system level chips (SoC). The company designs SoC chips for smart set-top boxes, smart TVs, AI audio-video terminals, WiFi/Bluetooth connectivity, and automotive electronics. These products are mainly applied in home entertainment, wireless communication, and in-vehicle infotainment systems. | $15 | +45% | $6B | $6B | 5.9x | 38.3x | ||
| ASR Microelectronics Co Ltd is engaged in the research, development, and technological innovation of wireless communication chips. | $15 | +31% | $6B | $6B | 10.4x | (371.0x) | ||
| Shanghai Fudan Microelectronics Group Co Ltd is principally engaged in the design, development and testing of very large integrated circuits as well as provision of system solutions to customers. The company operates through two business segments: the design, development and sale of IC products segment and the provision of testing services for IC products segment. The company is also engaged in the production of probe cards, the development and sales of hardware and software of computers, electronic products, and communication equipment, and the provision of investment management and consultancy services, research and consultancy services of IC technology and research and consultancy services of computer and network technology through its subsidiaries. | $7 | +19% | $6B | $6B | 10.1x | 45.2x | ||
| Smartsens Technology (Shanghai) Co Ltd is engaged in research and development, design and sales of high-performance CMOS image sensor chips. | $14 | -2% | $6B | $6B | 4.5x | 26.4x | ||
| Suzhou Kematek Inc is engaged in research and development, sales, and services of advanced ceramic material components and surface treatment services for semiconductor equipment. | $13 | +65% | $6B | $6B | 36.4x | 94.8x | ||
| 3Peak Inc is engaged in Research and development, design, and production of various integrated circuits and their application systems and software, sales of the company's products, and provision of after-sales services. | $41 | +106% | $6B | $5B | 16.5x | 126.3x | ||
| TCL Zhonghuan is one of the largest solar silicon wafer producers in China. Solar wafers contributed 59% of revenue in 2024. Zhonghuan also supplies solar modules, which represented 20% of revenue in 2024. In addition, Zhonghuan is also a leading domestic semiconductor silicon wafer producer. | $1 | +27% | $6B | $13B | 2.9x | 325.0x | ||
| Epiworld International Co Ltd is engaged in the silicon carbide (SiC) epitaxy industry. Its knowledge of SiC epitaxy technology enables the company to stay at the frontline of the SiC epitaxy industry and provide high quality and reliable products to its customers. It is engaged in the research and development, mass production and sales of SiC epitaxial wafers, components used in the manufacturing of SiC semiconductor devices. Its customers utilize its SiC epitaxial wafers to manufacture their power devices for a wide range of downstream applications including EVs, charging infrastructure, renewable energy, ESS, among others. | $13 | -- | $6B | $6B | 48.9x | 630.1x | ||
| Focuslight Technologies Inc is engaged in the research and development, production and sales of high-power semiconductor laser components and laser optical components upstream of the laser industry. | $62 | +431% | $6B | $6B | 42.9x | 367.1x | ||
| Hangzhou Lion Microelectronics Co Ltd is engaged in research and development, production and sales of semiconductor silicon wafers and semiconductor discrete device chips, as well as the production and sales of finished semiconductor discrete devices. | $8 | +145% | $6B | $6B | 12.1x | 38.3x | ||
| Suzhou Novosense Microelectronics Co Ltd is focused on the research and development and sales of high-performance, high-reliability analog integrated circuits. | $34 | +33% | $5B | $5B | 10.3x | 1214.7x | ||
| Galaxy Core Inc is engaged in the research and development, design, and sales of semiconductor products. The company's main products include CMOS image sensors and display driver chips. | $2 | -8% | $5B | $7B | 5.8x | 30.0x | ||
| SigmaStar Technology Ltd is engaged in research & development and sales of video surveillance chips. Its products cover IP Cam, USB Cam, NVR, DVR, vehicle electronics, action cameras, smart home, robots, industry and other fields. | $12 | +35% | $5B | $5B | 11.3x | 68.9x | ||
| All Winner Technology Co Ltd designs intelligent application SoC, high-performance analog component, and wireless connectivity IC. | $5 | -13% | $5B | $5B | 11.3x | 80.1x | ||
| Zhejiang Lante Optics Co Ltd is engaged in production and sales of optical components. The company produces prisms, lenses, glass wafers, glass aspheric lenses, coatings and lens assembly, and has been involved in traditional optics, optoelectronic displays, photovoltaics, automobiles, lighting, optical communications, semiconductors, consumer electronics, medical, virtual/augmented reality and other fields. The processing and manufacturing of optical products can be found in the core components of high-tech products such as telescopes, microscopes, mobile phone, AR/VR, digital cameras, security monitors, multimedia projectors, sights, image measuring equipment, and automobile interior and exterior decoration. | $12 | +219% | $5B | $5B | 21.1x | 49.4x | ||
| Everdisplay Optronics Shanghai Co Ltd is engaged in the research and development, production, and sales of small and medium-sized Active-matrix Organic Light Emitting Diode (AMOLED) semiconductor display panels. | $0 | +3% | $5B | $7B | 8.8x | 71.4x | ||
| Sai Micro Electronics Inc and its subsidiaries include MEMSChip process development and wafer manufacturing, It is also into research and development production of GaNExtension materials and chip design. | $7 | +163% | $5B | $5B | 38.9x | 19.4x | ||
| Ferrotec (An Hui) Technology Development Co Ltd is a precision cleaning service provider for equipment in the field of semiconductors, focusing on providing one-stop equipment precision cleaning for manufacturers in the two major fields of semiconductors and display panels services, providing integrated cleaning and regeneration solutions for customers' production equipment pollution control. | $6 | -1% | $4B | $4B | 10.1x | 38.5x | ||
| Changsha Jingjia Microelectronics Co Ltd is a China-based company engaged in designing and manufacturing electronic products and integrated circuits and related software. It offers solutions, products and ancillary services to customers in the areas of information detection, information processing, and information delivery. The company also develops and manufactures domestically produced graphics processing chips. Its products portfolio comprises of the signal processing module, armored vehicle active protection, airborne data link, display control and single board and others. | $8 | -21% | $4B | $4B | 37.2x | (137.3x) | ||
| Wuxi Taiji Industry Co Ltd is engaged in the business of semiconductor post processing and chemical fibres. The semiconductor post-processing involves in IC chips probe test, packaging assembly, packaging test, module assembly, and test. The chemical fibre business includes polyester industrial yarn, dipped conveyor belt fabric, and dipped tire cord fabric. | $2 | +110% | $4B | $4B | 0.9x | 15.4x | ||
| Shanghai Sinyang Semiconductor Materials Co Ltd is a high-tech company focusing on the research and development, design, manufacturing, sales, and services of electronic materials and its related surface treatment equipment. It is involved in the electronics industry, semiconductor manufacturing, packaging test and assembly, solar cell manufacturing and aerospace electronic industries. The products offered by the company includes traditional encapsulation of semiconductor, advanced manufacturing and packaging of semiconductor, and aerospace aircraft electronic chemical materials. | $13 | +136% | $4B | $4B | 14.3x | 61.3x | ||
| StarPower Semiconductor Ltd designs, researches, develops, and produces insulated-gate bipolar transistor (IGBT) - based power semiconductor chips and modules, and external sales in the form of IGBT modules. | $17 | +47% | $4B | $4B | 7.2x | 32.4x | ||
| Jiangsu Jiejie Microelectronics Co Ltd manufactures semiconductor discrete devices and power electronic components in China. Some of its key products include bidirectional thyristor, unidirectional thyristor, low junction capacitor discharge tube, TVS and other protection devices, high voltage rectification Diodes and power-type switching transistors. The entity sells its products in China, and also exports it to various other countries. | $5 | +14% | $4B | $4B | 8.1x | 21.0x | ||
| Espressif Systems (Shanghai) Co Ltd is primarily engaged in development, design and sales of Wi-Fi MCU communication chips and their modules from the internet of things. | $24 | +15% | $4B | $4B | 10.1x | 45.7x | ||
| Bestechnic (Shanghai) Co Ltd is engaged in the research and development, design, and sales of smart audio SoC chips. It provides customers with edge smart master control platform chips with voice interaction capabilities in AIoT scenarios. The products are widely used in smart Bluetooth headsets, Type-C headsets, smart speakers, and other devices. | $24 | -34% | $4B | $3B | 6.3x | 31.8x | ||
| Wingtech Technology Co Ltd is a China-based semiconductor and product integration company that integrates R&D, design, and production manufacturing. The company’s operations are organized into three segments. The Product Integration Business Segment focuses on designing and producing mobile internet devices, with smartphones being the core product line. The Semiconductor Business Segment is dedicated to the innovation, development, and fabrication of semiconductor components. The Other Business Segment includes various supplementary operations that support the company's overall activities. | $3 | -34% | $4B | $5B | 1.0x | 9.7x | ||
| Shenzhen Goodix Technology Co Ltd is a China-based company mainly engaged in the research and development of chips. The company develops capacitive touch controllers and fingerprint recognition chips, serving applications in smart devices, IoT, and automotive electronics. It is also engaged in software development. The company's products and solutions are used by various mobile brands Huawei, OPPO, Vivo, Xiaomi, Amazon, Samsung, Dell, Nokia, LG, ASUS, and others. | IoT+1 | $8 | -18% | $4B | $3B | 4.5x | 18.6x | |
| Median | $16 | +95% | $9B | $10B | 13.5x | 49.2x |
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