News Snapshot:
THE China Securities Regulatory Commission approved the initial public offering of Leadyo (Shanghai) IC Testing Co Ltd on the STAR board, the second Jiading enterprise in the integrated circuit industry to list after Shanghai Simgui Technology Co. The company aims to raise 560 million yuan (US$83.8 million) to build a new factory and add 100 sets of integrated circuit testing equipment. The IC industry chain grew 5 percent year on year in the first half year despite the novel coronavirus. Although Leadyo’s annual output value is not high compared with the world’s leading enterprises, it has developed into the largest...
