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[News] China OSAT SJ Semiconductor Reportedly Raises RMB 5B in IPO, Largest A-Share Offering of 2026 So Far

What happened

SJ Semiconductor raised RMB 5 billion in its IPO, the largest in China's A-share market in 2026, to fund 2.5D and 3D packaging expansion. Despite holding an 85% market share in China's 2.5D sector, the company faces risks due to high customer concentration and intensifying competition.

Impact and signal

Medium impactImpact score: 65/100

Affected components and suppliers

2.5D Packaging3D PackagingChiplet Integration
SJ SemiconductorSMICJCET
IPOMarket ShareCustomer Concentration2.5D Packaging

Source and time

Source: TrendForce · 4/22/2026 · View original source

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