BASiC Semiconductor, a Shenzhen-based company backed by Zhongshan Investment Holdings, went public on the Hong Kong Stock Exchange (HKEX) on July 8.

In the global offering, BASiC Semiconductor sold 27.3862 million H shares at HK$31.62 per share, grossing HK$866 million.

Founded in 2016, the company has assembled top researchers from leading global institutions such as the Tsinghua University, Chinese Academy of Sciences and University of Cambridge. It specializes in silicon carbide power devices, which are essential for new energy vehicles, photovoltaic energy storage equipment and AI data centers.

In 2025, Zhongshan Venture Capital, a subsidiary of Zhongshan Investment Holdings, made a strategic investment in BASiC Semiconductor.

Alongside the investment, BASiC Semiconductor started planning an industrialization base in Zhongshan, including dedicated packaging lines for silicon carbide power modules. The project, expected to go into operation in the first quarter of 2027, will become BASiC Semiconductor's core manufacturing hub in South China.

To date, eight other portfolio companies of Zhongshan Investment Holdings have filed listing applications with HKEX, covering multiple strategic emerging sectors of China such as innovative biomedicine, spatial vision, memory chips and smart mobility.