BASiC Semiconductor Co., Ltd. (Ticker: 9971 HK) is a Chinese semiconductor company engaged in the research, development, manufacturing and sale of silicon carbide (SiC) power devices. Its products include automotive- and industrial-grade SiC power modules, SiC discrete devices, power semiconductor gate drivers, Schottky diodes, MOSFETs, bare dies and related semiconductor components. The company was founded in 2016 and serves customers in China.

BASiC Semiconductor plans to list H shares on the Hong Kong Stock Exchange on July 8, 2026. According to the published terms, the company is offering 27.39 million primary shares at an expected IPO price range of HKD 27.49 to HKD 31.62 per share, targeting an offer size of approximately HKD 866 million, or about US$110 million. The offering includes a 15% greenshoe facility of approximately 4.11 million additional shares.

According to the prospectus summary, the company operates in China’s competitive SiC power device market and incurred gross losses and net losses during the track record period, partly due to pricing strategy, raw material costs and depreciation from new production lines.