GigaSemiconductor has emerged as the inaugural wafer manufacturing enterprise to secure IPO registration approval under the Growth Enterprise Market (GEM) registration framework. The journey from application acceptance to final approval spanned over eight months, with GF Securities acting as the lead sponsor. Notably, GigaSemiconductor stands as the pioneering Chinese company to achieve large-scale mass production of 12-inch silicon photonics wafers. Its silicon photonics process platform has amassed a substantial track record, with over 3,500 wafer starts. The company's product portfolio encompasses 400G, 800G, and 1.6T high-speed silicon pluggable optical module applications, aligning with globally leading technological benchmarks. As of the end of May 2026, GigaSemiconductor reported a robust backlog of 321,200 wafers, valued at RMB 1.533 billion. In the first quarter of 2026 alone, the wafer foundry dispatched 180,500 wafers, marking a significant year-on-year surge of 62.20%. The company is optimistic about attaining overall profitability as early as 2029.