New Storage Tech Company Joins China's STAR Market with Strong Debut

On November 29, Lianyun Technology (Hangzhou) Co., Ltd. (Lianyun Technology) successfully listed on the Shanghai Stock Exchange’s STAR Market, marking a significant milestone in China’s semiconductor and storage industry.

Reports indicate that the company's stock surged by an impressive 492.53% on its opening day. By midday, the price had settled at a still-substantial increase of 416.27%, with a trading volume of 34.28 million shares and a total turnover of 2.02 billion RMB.

Lianyun Technology is a platform-based chip design company specializing in data storage controller chips, AIoT signal processing, and transmission chips. Its products serve a wide range of applications in sectors including consumer electronics, industrial control, data communication, and the Internet of Things (IoT).

The company raised 1.125 billion RMB through its IPO, with the funds allocated to key projects such as the industrialization of its data management chip production base, the development and commercialization of next-generation data storage controller chips, and the R&D and industrialization of AIoT signal processing and transmission chips.