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BusinessActive · 25h

Chinese chip foundry CanSemi files for $919M IPO on Shenzhen exchange

CanSemi Technology joins a wave of Chinese semiconductor firms capitalizing on Beijing's tech self-reliance push.

newest coverage 21h agosummary written 20h ago4 pieces Newswires

What to know

  • CanSemi Technology, a Chinese chip foundry focused on automotive, industrial, and IoT chips, is seeking to raise $919 million in a Shenzhen IPO.
  • The move reflects growing momentum among Chinese semiconductor firms tapping public markets amid Beijing's push for technological self-sufficiency.
  • CanSemi joins a wave of chip companies capitalizing on state-backed investment priorities in domestic semiconductor production.

CanSemi Technology Inc. Chinese chip foundry

How it unfolded 1 development · click the chart to see its coverage articles

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  1. 1

    CanSemi Technology files for $919M IPO on Shenzhen ChiNext board

    Chinese chip foundry CanSemi Technology announced plans to raise approximately 6.16 billion yuan ($919 million) through an initial public offering on the Shenzhen stock exchange's ChiNext board, joining a growing wave of semiconductor companies capitalizing on Beijing's push for technological self-reliance.

    1. 1 outlet first by Bloomberg, 21h ago · read ↗

    2. 1 outlet CanSemi Tech Joins China Chip IPO Wave With $919 Million Deal

      first by Bloomberg Markets, 1d ago