TechBloomberg Tech3h ago
Chinese Chipmaker Longsys Seeks $800 Million in HK Listing
TL;DRChinese memory chip maker Longsys raising $800M in Hong Kong IPO after strong mainland gains.
Why it matters: Signals investor appetite for AI supply chain plays; chips are critical infrastructure in geopolitical tech competition.
Shenzhen Longsys Electronics Co. is seeking to raise as much as HK$6.28 billion ($801 million) in a Hong Kong listing, extending the wave of Chinese companies along the artificial intelligence supply chain coming to the market after its onshore shares have gained about 50% this…
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