Sprint Technologies, a company specializing in high-precision component manufacturing in Jingjiang, Taizhou, Jiangsu, goes public on the STAR Market of the Shanghai Stock Exchange. [Photo/WeChat account: tzfabu]
Sprint Technologies in Jingjiang, Taizhou was successfully listed on the STAR Market of the Shanghai Stock Exchange on Dec 12, making it Jiangsu's only STAR Market debut this year.
This milestone brings the total number of A-share listed companies in Taizhou to 20, with 30 companies listed both at home and abroad.
The company raised 571 million yuan ($78.44 million) in its initial offering, which will fund projects such as the expansion and upgrading of its precision component assembly manufacturing base in Jingjiang.
Sprint Technologies specializes in the high-precision manufacturing of key components for semiconductor etching and thin-film deposition equipment. It stands out as one of the few Chinese suppliers capable of mass-producing critical components for etching equipment at the 7 nanometer and below process nodes.
While focused on semiconductors, the company is also leveraging its expertise in precision components to develop new products in the photovoltaic and medical sectors.
Sprint Technologies is a key supplier for leading Chinese equipment manufacturers such as NAURA and AMEC. It has also forged long-term strategic partnerships with industry leaders like Piotech, Hwatsing, and SMIC, contributing significantly to the advancement of China's semiconductor technology.