Introduction
In the first quarter of 2025, newly listed companies have become the focus of capital dynamics in the semiconductor industry.These new listings not only represent “fresh blood” for industry development but also reflect the trends of globalization, diverse growth paths, and capital-driven innovation in the semiconductor field.

According to incomplete statistics from Charging Head Network, two semiconductor IPOs occurred in Q1 2025: Silicon Electric Co., Ltd. (301629) from Shenzhen, Guangdong, China, and Aeluma (ALMU.US) from Goleta, California, USA. The semiconductor industry in both China and the US has seen companies entering the capital market through IPOs in Q1 2025.
Silicon Electric Co., Ltd.
Founded in 2003, Shenzhen Silicon Electric Semiconductor Equipment Co., Ltd. successfully went public on the Shenzhen Stock Exchange on March 24, 2025, with the stock abbreviation Silicon Electric (stock code 301629). The companyfocuses on the research, sales, and mass production of semiconductor equipment such as probe stations, exposure machines, sorting machines, AOI equipment, and die bonders. It is one of the earliest national high-tech enterprises engaged in the research and development of probe testing technology and mass production of probe stations, and the first in mainland China to achieve industrial application of 12-inch wafer probe station equipment.
With over 20 years of technological accumulation, Silicon Electric Co., Ltd. has mastered several core key technologies in probe testing, filling the gap in the industrial application of probe testing technology in the semiconductor and integrated circuit industry chain. The semiconductor equipment developed by Silicon Electric Co., Ltd. using various types of application probe testing technology has been widely used in fields such as integrated circuits, power devices, and optoelectronic device sensors.
Aeluma
Aeluma, Inc. (stock code ALMU) was established in 2019 and registered in Delaware on August 21, 2020. The company successfully went public on the NASDAQ on March 27, 2025. The companyis a leading semiconductor company specializing in scalable and cost-effective technologies for a wide range of applications, including LiDAR (Light Detection and Ranging) and imaging, with applications in mobile, automotive, artificial intelligence, defense and aerospace, communications, AR/VR, and quantum computing.
Aeluma’s technological breakthroughs combine compound semiconductor nanomaterials with large-scale silicon manufacturing. The company has established a headquarters in the high-tech corridor of Goleta, California, featuring state-of-the-art manufacturing clean rooms and a world-class team of highly skilled technicians.
Summary from Charging Head Network
In Q1 2025, the semiconductor capital market welcomes a new landscape with the emergence of two major players from the US and China. China’s Silicon Electric Co., Ltd., with over 20 years of deep cultivation in the field of semiconductor equipment such as probe stations, has made its debut on the Shenzhen Stock Exchange, showcasing the resilience of local industry chain innovation; while the US’s Aeluma, with its cutting-edge technology that integrates compound semiconductor nanomaterials with silicon manufacturing, has made a mark on NASDAQ, demonstrating the innovative vitality of emerging tech companies. Although both companies went public around the same time, they have different positioning, reflecting the diverse paths of globalization in the semiconductor industry and confirming the broad attention of capital towards companies at different stages of development and technological directions. This injects strong momentum into the innovation upgrade of the global semiconductor industry, indicating that the industry will face more intense competition and broader development prospects.
Note: The above information is for reference only and does not constitute investment advice; investment carries risks, and caution is advised when entering the market.
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