BASiC Semiconductor Makes Third HKEX Listing Filing, Ranks 3rd Among Domestic Silicon Carbide Power Module Players in China
NewTimeSpace News: Shenzhen BASiC Semiconductor Co., Ltd. submitted its third Main Board listing application to HKEX on June 5. Sinolink Securities (Hong Kong) and BOC International acted as joint sponsors. The company specializes in silicon carbide power devices. According to Frost & Sullivan, it ranked 6th in China’s silicon carbide power module market and 3rd among domestic Chinese enterprises by revenue in 2024.
NewTimeSpace News: As disclosed by HKEX, Shenzhen BASiC Semiconductor Co., Ltd. filed its third Main Board listing application with the Hong Kong Stock Exchange on June 5, 2026, with Sinolink Securities (Hong Kong) and BOC International serving as joint sponsors.
Founded in 2016, BASiC Semiconductor is mainly engaged in the research, development, manufacturing and sales of silicon carbide power devices. Its core offerings include automotive-grade and industrial-grade silicon carbide power modules, discrete silicon carbide devices and power semiconductor gate drivers.
Per Frost & Sullivan data based on 2024 revenue: The company held a 2.9% market share and ranked 6th overall as well as 3rd among domestic players in China’s silicon carbide power module market. It took the 9th place with a 2.7% share in China’s silicon carbide discrete device market, and also ranked 9th with a 1.7% share in the power semiconductor gate driver market. China's silicon carbide power device market is projected to reach RMB 42.8 billion by 2029, representing a compound annual growth rate of 47.1% from 2025 to 2029.
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