By Li Panpan

(JW Insights) Nov 13 -- Chinese lithography giant Shanghai Microelectronics Equipment (SMEE上海微电子) plans to apply for an initial public offering and Chinese listing of stocks, said investment company China Securities on November 2.

China Securities will be the coaching institute for SMEE's listing.

Shanghai-based SMEE focuses on the development, design, manufacturing, sales, and services of semiconductor equipment, pan-semiconductor equipment, and high-end intelligent equipment, widely used in IC front-end, advanced packaging, FPD panels, MEMS, LED, power devices, and other fields, said its website.

SMEE was founded in March 2002. Its market advantage is mainly in back-end packaging lithography machines. Its advanced packaging lithography machines account for 37% of the global market and 85% of the market in China. In addition, the company's LED series lithography machines account for 55% of the worldwide market, reported China STAR Market on November 12.