By Gabby Chen

(JW Insights) May 16 -- Smarter Micro(慧智微), a Chinese chip design company, made its debut on the Shanghai Stock Exchange's STAR Market on May 16, with a market capitalization of RMB 8.625 billion ($ 1.24 billion), JW Insights learned.

Founded in 2011 and headquartered in Guangzhou, southern China's Guangdong Province, Smarter Micro mainly supplies radio frequency (RF) front-end chips and modules for sectors such as smartphones and the Internet of Things (IoT).

Smarter Micro's products are widely adopted by major smartphone brands, including Samsung, OPPO, vivo, and Honor. Its products are also utilized by top mobile terminal devices ODM manufacturers such as Wingtech and Huaqin, as well as leading wireless communication module manufacturers like Quectel, Fibocom, and Sunsea AIoT Technology, according to its website.