The company, mainland China’s third-largest contract chip manufacturer, issued 216.2 million shares to secure HK$6.78 billion. This lukewarm performance in Hong Kong contrasts sharply with the firm’s secondary listing in Shanghai, where shares plummeted 12% to 57.21 yuan. Nexchip currently focuses on 12-inch wafer production, specializing in legacy chips ranging from 150 to 40 nanometers.
In section Market Quotes
Nexchip Semiconductor Stumbles in Hong Kong Market Debut
Shares of Hefei-based Nexchip Semiconductor faced a tepid reception during their Hong Kong trading debut, climbing only marginally after the foundry raised US$865 million. While the stock initially spiked 14% from its offer price of 32.30 Hong Kong dollars, the gains quickly evaporated by the midday break.
Despite the market volatility, the foundry reports steady growth fueled by consistent demand across consumer electronics and automotive sectors. Nexchip posted 10.39 billion yuan in revenue for 2025, yielding a net profit of 704.2 million yuan. Management intends to direct half of the new capital toward research and development, specifically targeting the optimization of 22-nanometer technology. An additional quarter of the proceeds is earmarked for AI-driven manufacturing initiatives as the firm seeks to bolster its position against domestic rivals SMIC and Hua Hong Semiconductor.
Comments (0)
No comments yet. Be the first!