According to a disclosure by the Hong Kong Stock Exchange on January 7, Silicon Magic Semiconductor Technology (Hangzhou) Co., Ltd. has submitted a listing application for the Main Board, with Huatai International acting as its sole sponsor. The company had previously filed an application for listing on June 30, 2025. The prospectus reveals that Silicon Magic Semiconductor is a power semiconductor company that provides efficient power management solutions through its proprietary process technology. The company's products span three major technological fields: mobile technology, display technology, and power devices, which are widely used in: automotive; telecommunications equipment; data centers; industrial-grade applications; and consumer electronics.