Yuechi Semiconductor Lists on ChiNext; Early Investor GAC Capital Harvests 51 Listed Companies

On October 13, Yuechi Semiconductor listed on the A-share market, becoming the first wafer fabrication enterprise to debut on the ChiNext. The company is Guangdong's first manufacturer to mass-produce 12-inch wafers and China's sole platform for mass-producing 12-inch silicon photonics wafers. Guangdong Capital, GAC Capital, and other local investors have participated deeply in multiple financing rounds. Reports indicate that GAC Capital has recently been active in future industry sectors such as AI, embodied intelligence, aerospace, and new materials. By the first half of 2026, it had invested in 32 forward-looking technology companies, including New Stone Age, Galaxy Space, Changjing Technology, and Blue Dot Touch. With cumulative investments exceeding 150 companies, 51 of its portfolio firms—including CXMT and Pony.ai—have successfully listed.