Asr Microelectronics Co.,Ltd. (688220.SH) has submitted a listing application to the main board of the Hong Kong Stock Exchange, as disclosed on September 11. The company has appointed Guotai Haitong and Morgan Stanley as its joint sponsors for the proposed offering.
According to the prospectus, Asr Microelectronics Co.,Ltd. operates as a fabless semiconductor platform company, having established an integrated technology platform supported by multi-mode cellular baseband technology, AI computing capabilities, and complex SoC design expertise. This platform underpins three synergistic business segments: wireless connectivity chips centered on cellular connections, smart SoCs, and ASIC customization solutions, enabling the company to address rapidly evolving customer demands in the AI era.
Per data from Frost & Sullivan, the company ranked first globally in the cellular connectivity chip market by shipment volume in 2025, capturing a 37.8% market share. Additionally, its shipment growth rate from 2023 to 2025 surpassed that of other top-five global competitors in the sector.