GalaxyCore CEO Becomes a Billionaire

Forbes reports that GalaxyCore Shanghai CEO Zhao Lixin became billionaire after the company’s shares more than doubled on their trading debut at the Shanghai Stock Exchange on August 18, 2021.

GalaxyCore’s shares closed at 35.25 yuan, up 145% from their IPO price, leaving Zhao’s 42% stake worth 37 billion yuan, or $5.7 billion.

ee.ofweek.com lists Galaxycore technological advantages over its competitors:

Galaxycore's sensors are produced with a smaller number of masks, and optimized Pixel process, greatly reducing costs
The company has developed a unique COM packaging and a COF-Like design, which are different from the mainstream of the industry
Galaxycore uses a low-cost three-layer metal process
Through the incremental improvements of the design, the area of the chip is reduced, achieving a more lean cost

Based on unit shipments, the top five suppliers in terms of market share in 2020 account for 96.0% of the total market share. Among them, Galaxycore ranks first in the market with a shipment of 2.04 billion units, occupying 29.7% of the market share: