Shanghai Xinwang Microelectronics Co., Ltd. terminates its IPO on the Science and Technology Innovation Board
Xinwang Microelectronics
Howe Group
Board
Science and Technology Innovation Board
research
Micro
Technology
Shanghai
Shanghai Xinwang Microelectronics
design
dust
sign
Innova
2023
decline
develop
planning
termination
2024-12-30 17:13
67
On May 30, Shanghai Xinwang Microelectronics Technology Co., Ltd. announced the termination of its IPO on the Science and Technology Innovation Board, originally planning to raise 1.529 billion yuan. The company focuses on the research and development and design of automotive-grade and industrial-grade MCUs, and its products are widely used in the automotive and industrial control fields. However, the company's operating income and MCU shipments both declined in the first quarter of 2023.
