Aug 4 - Big moves in semiconductor foundry: Hefei-based Nexchip (founded 2015), a top 10 global wafer foundry by revenue (per TrendForce), ranks third in mainland China behind SMIC and Huahong Semiconductor, drawing industry focus.
Listed on Shanghai's STAR Market in May 2023, Nexchip announced Aug 2 plans to issue H-shares and list on the Hong Kong Stock Exchange, aiming for dual listings. Details remain unconfirmed but signals are strong.
Nexchip states the Hong Kong listing will deepen global expansion, boost overseas business, enhance competitiveness and brand visibility. It will also optimize capital structure via international markets, opening diverse funding channels for growth.
Late July saw Nexchip split its photomask business into Anhui Jingmei, while founding shareholder Powerchip Venture sold 6% stake to Huaqin Technology for ~2.393 billion yuan, paving the way for future growth.
ICgoodFind believes Nexchip's Hong Kong listing could accelerate expansion via global capital, strengthening its foundry influence.
