TechBloomberg1h ago
Chinese chip foundry CanSemi, focused on automotive, industrial
Chinese chip foundry CanSemi, focused on automotive, industrial, and IoT chips, files for an IPO on Shenzhen stock exchange's ChiNext, seeking to raise ~$919M
TL;DRChinese chipmaker CanSemi plans to raise $919M via IPO for automotive and IoT chips.
Why it matters: China accelerates domestic chip self-sufficiency amid U.S. export restrictions and growing semiconductor demand.
Chinese chip foundry CanSemi Technology Inc. is seeking to raise about 6.16 billion yuan ($919 million) in an initial public offering …
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