Beijing AETC Semiconductor Technology Co., Ltd. made its debut on the STAR Market on July 8, with shares priced at 8.45 yuan each. Upon opening, the company's share price soared by over 200%, pushing its market valuation to a peak of more than 77 billion yuan. AETC Semiconductor is effectively controlled by an agency under the Beijing Economic-Technological Development Area Administrative Committee and has received backing from E-Town China Venture Capital. The company ventured into the international market via the cross-border acquisition of Mattson Technology. Despite initial challenges, under the stewardship of CEO Haoan Lu, AETC achieved technological advancements and regained the trust of its clientele. Today, AETC Semiconductor's products are integrated into the supply chains of global heavyweights like TSMC and Samsung. In 2023, the company reported revenues exceeding 4 billion yuan, accompanied by a net profit of 540 million yuan. Prior to its IPO, AETC Semiconductor secured multiple funding rounds from prestigious investors such as Oceanpine Capital, Sequoia China, and IDG Capital. This successful listing heralds the dawn of a new wave of domestic semiconductor IPOs, with firms like CXMT, Unisoc, and Moore Threads gearing up for their market entries.