News

MacMic Science & Technology Co., Ltd., a leading high power chip, discrete, and module manufacturer and supplier, announce today to successfully issue 24.62 million shares Initial Public Offering priced at RMB 27.51 per share on the Science and Technology Innovation Board of Shanghai Stock Exchange. MacMic (Stock Code: 688711) leverages the resources from capital market through the IPO expected to raise RMB 677.39 million. The fund will be used to expand its production capacity, build a R&D center, and to supplement its working capital.

The success of the IPO proves MacMic arrived to a new stage where the company will continues efforts to develop the latest technology of power electronics and further to add value to the products. MacMic has being led by Dr. Shane Zhao, the CEO and President, over the past 15 years dedicating on the R&D of power semiconductor and later soon to be the early provider of self-developed power device and module in China. “The IPO means to mark an important milestone in the company history. MacMic will start from this point to reinforce our core competence, strive to better refine our product, and stick on our core business so as to outstand our competitive edge. Our goal is to return for the investors with better operation accomplishment, then to realize to the win-win situation among the customers, the employees, the stock holders and the whole society,” said Dr. Shane Zhao.

“Along with MacMic going to public, the company is able to provide more resources to help introducing products to the global customers. We are proud of being part of the MacMic family as the company is bringing to the customer greater value with better price performance product. The IPO could fortify our customer trust to us and, of course, increase our product value, ” said Kent Feng, VP of International Sales, Efficient International Technology, who is also in charge of MacMic International Business Office.

About MacMic Science & Technology Co., Ltd.:

MacMic Science & Technology Co., Ltd. is a high-tech company consisting of scientists and engineers with expertise of power electronics and long term engaged in development and production of power electronic products at home and abroad. The goal of the company is to provide customers with energy-efficient power electronic products as well as to provide solutions to power electronic applications.

About Efficient International Technology Co., Ltd.:

Efficient International Technology Co., Ltd. is a professional semiconductor device and solution supplier and consultant team. Efficient promote, market, and distribute high quality, high efficiency power semiconductor to serve Taiwan and international customers. Efficient provide services to the customers in the market of general power conversion, motor control, lighting, industrial, renewable energy, and other energy efficient applications. Efficient is also on behalf of MacMic to operate as MacMic International Business Development Office.