Since its IPO application was accepted by Shanghai’s STAR Market in September 2024, Wuhan Xinxin Semiconductor Manufacturing Co. (XMC) has updated its prospectus to highlight its move into a pivotal stage of China’s 3D integration and silicon-on-insulator (SOI) build-out. Nearly 70% of XMC is directly owned by Cheung Kong (Holdings) Limited, the parent company of Yangtze Memory Technologies Co. (YMTC).