- Business
- GalaxyCore Inc. GalaxyCore Inc. (688728:CH) operates as a fabless integrated circuit design company specializing in the research, development, design, manufacturing, packaging, testing, and sales of complementary metal oxide semiconductor (CMOS) image sensors and display driver integrated circuits (DDICs); its CMOS image sensors range from VGA to 50MP resolutions, including high-dynamic-range (HDR) models, back-side illuminated (BSI) sensors, non-stack 32MP and 50MP products, and specialized solutions for non-mobile applications such as 2MP to 8MP sensors for IoT cameras, smart home devices, smart city infrastructure, automotive electronics, PCs, smart TVs, and face recognition systems; its DDIC offerings encompass full high-definition (FHD) and high-definition (HD) touch-and-display driver integrated (TDDI) chips, FW VGA drivers for smartphones, and liquid crystal display drivers for consumer electronics. The company serves consumer electronics manufacturers worldwide, with primary applications in smartphones, tablets, laptops, wearables, and industrial sectors; it targets mobile device brands, automotive suppliers, and IoT developers, operating through a fully integrated semiconductor supply chain under a Fab-Lite model, including design in Shanghai's Zhangjiang district, process development and partial wafer fabrication in Lingang, Shanghai, and specialized packaging and testing in Jiashan, Zhejiang, supported by nine global offices. Founded in 2003 and headquartered at Building 2, No. 560 Shengxia Road, Pudong New Area, Shanghai, China, GalaxyCore maintains a strong focus on innovation, having achieved milestones such as mass production of China's first domestic CMOS image sensor, development of 4T process technology, annual shipments exceeding 1 billion units, and recognition as a Top 10 IC Design Company in China and a Manufacturing Individual Champion in CMOS image sensors. Recent developments include listing on the Shanghai STAR Market in August 2020 under stock code 688728, launch of the world's first 0.7μm 32MP non-stack image sensor and non-stack 50MP CIS, mass production of 50MP CIS products, entry into mass production for its 12-inch specialty CIS production line, initiation and topping out of Phase II of the GalaxyCore Zhejiang manufacturing base to expand packaging and testing capacity, and completion of an equity buyback program in 2024 involving 22.5875 million shares for CNY 299.44 million.