Gooda Electronics Restarts IPO to Boost SAW RF Chip Development

Gooda Electronics, a leading semiconductor company, has restarted its Initial Public Offering (IPO) with a focus on the research and development of Surface Acoustic Wave (SAW) radio frequency (RF) chips. The company, based in Wuxi, has registered with the Jiangsu Securities Regulatory Bureau, with CITIC Securities acting as its sponsor.

Gooda Electronics initially attempted to go public on the Science and Technology Innovation Board in June 2021, aiming to raise 960 million yuan. The funds were intended for expanding its SAW filter production, building a research and development center, and supplementing its working capital. The company successfully passed the regulatory review in November 2021 but withdrew its application in December 2022. The regulatory body subsequently terminated the registration process in February 2023.

The company specializes in the development, design, production, and sales of SAW RF chips. Its product portfolio includes filters, duplexers, and resonators, which are widely used in mobile phones, communication base stations, and the Internet of Things (IoT). Gooda Electronics' proprietary technologies enable it to produce high-performance SAW RF chips that meet the industry's demand for miniaturization and modularization.

Gooda Electronics' SAW RF chips are packaged using Chip Scale Package (CSP) and Wafer Level Package (WLP) technologies. These advanced packaging methods allow the company to produce chips with dimensions as small as 0.9mm x 0.7mm and 0.8mm x 0.6mm, respectively. These compact sizes make the chips suitable for a wide range of applications, including smartphones and other space-constrained devices.

The company's products are used in communication frequency ranges from 30KHz to 3.6GHz, catering to various applications in the telecommunications industry. However, the domestic SAW filter industry is still in its early stages, with a significant gap between domestic and international technological levels. This presents both challenges and opportunities for Gooda Electronics as it seeks to expand its market share and reduce dependence on imported filters.

The company's controlling shareholder is Wuxi Gooda Investment, which holds a 25.19% stake. Gooda Electronics' decision to restart its IPO demonstrates its commitment to innovation and growth in the competitive RF chip market. By going public, the company aims to raise capital for research and development, expand its production capabilities, and strengthen its market position. The IPO will provide Gooda Electronics with the financial resources needed to continue innovating and staying ahead of the competition in the rapidly evolving semiconductor industry.