China’s No 2 chip maker seeks Shanghai listing to expand capacity, as Beijing continues to back self-sufficiency drive

Source: Tech – South China Morning PostHong Kong-listed Hua Hong Semiconductor, China’s second-biggest chip maker, said it will seek a secondary listing on Shanghai’s Star board to expand capacity, according to a company statement.Hua Hong said in a statement on Monday that the company’s board had approved a plan to issue yuan-denominated new shares and list them on the Science and Technology Innovation (STAR) Board of the Shanghai Stock Exchange to fund expansion of its main chip-making operations.The size of the issuance will be…Read More

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