CanSemi Tech Joins China Chip IPO Wave With $919 Million Deal
Chinese chip foundry CanSemi Technology is seeking to raise approximately $919 million in an IPO on the Shenzhen stock exchange. The move aligns with China's broader initiative to achieve technological self-reliance.
Chinese chip foundry CanSemi Technology Inc. is seeking to raise about 6.16 billion yuan ($919 million) in an initial public offering on the Shenzhen stock exchange’s ChiNext board, joining a growing list of companies in the industry capitalizing on Beijing’s drive for tech self-reliance.
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