CanSemi Tech Joins China Chip IPO Wave With $919 Million Deal

CanSemi Technology Inc., a Chinese chip foundry, is set to raise approximately $919 million through an initial public offering (IPO) on the Shenzhen stock exchange's ChiNext board. This move aligns with Beijing’s efforts to enhance tech self-reliance in the semiconductor industry, joining other companies capitalizing on this trend.

Sources

• Bloomberg — CanSemi Tech Joins China Chip IPO Wave With $919 Million Deal

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