China analogue startup to IPO

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.