Author: EIS Release Date: May 14, 2020
3PEAK, an eight year-old Shanghai analogue vendor, is to IPO on the tech-focussed Shanghai STAR Market, reports Digitimes.
3PEAK’s investors include Huaxin Venture Capital and Hubble Technology Investment. Hubble is wholly owned by Huawei.
Huaxin is a Chinese semiconductor investment fund whose include TSMC, Toshiba, ARM and SMIC.
Last July, Hubble bought 8% of 3PEAK for $10.2 million)m making it the 3PEAK’s largest shareholder.
Hubble’s involvement suggests that 3PEAKS could becime a big supplier to Huawei.
3PEAK is looking to expand its portfolio to include PMICs.
Customers are said to include ZTE and Haier.