"Nexchip Semiconductor is seeking a dual listing alongside its existing Shanghai shares, a move designed to tap international capital for what amounts to an industrial expansion of extraordinary scale."
"The 28nm breakthrough, while still far behind the cutting-edge 3nm and 5nm processes produced by TSMC and Samsung, represents a meaningful step up in the mature-node hierarchy and positions Nexchip to capture demand from AI-enabled smartphones, smart vehicles, and OLED display panels."
"In January, the company broke ground on its Phase IV project in Hefei's Xinzhan High-Tech Zone, a 35.5 billion yuan ($5.1 billion) investment that will add a new 12-inch wafer production line with a designed monthly capacity of 55,000 wafers at 40nm and 28nm nodes."
Nexchip Semiconductor filed for a listing on the Hong Kong Stock Exchange, aiming to raise capital for its industrial expansion. The company, China's third largest foundry, recently achieved full-process development of its 28nm logic platform, enhancing its capabilities beyond the 55nm to 150nm range. This advancement positions Nexchip to meet demand from AI-enabled devices. The Hong Kong listing is crucial for funding a 35.5 billion yuan project to establish a new production line, with full capacity expected by 2028, amidst rapid growth and increasing revenue needs.
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Read at TNW | China
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