Founded in 2015, Hefei Nexchip Semiconductor Co., Ltd. is a provider of semiconductor wafer foundry services. It has repeatedly ranked among the top 10 global wafer foundries by revenue in rankings released by research firm TrendForce. It is also the third-largest wafer foundry in mainland China, following SMIC and Huahong Semiconductor.
Nexchip was listed on the Sci-Tech Innovation Board of the Shanghai Stock Exchange in May 2023. On August 2 this year, the company announced plans to issue H-shares and list on the Hong Kong Stock Exchange to achieve a dual listing, though specific details of the listing plan have not yet been finalized.
Nexchip stated that the purpose of the H-share issuance and Hong Kong listing is to deepen the company's international strategic layout, accelerate the development of overseas business, further enhance its comprehensive competitiveness and international brand image. At the same time, it aims to leverage the resource and mechanism advantages of international capital markets to optimize its capital structure and expand diversified financing channels.
At the end of July, Nexchip announced its plan to spin off its photomask business into an independently operated entity, Anhui Jingmei Company. Additionally, Powerchip Venture Capital, one of Nexchip's founding shareholders, transferred a 6% stake in Nexchip to Huaqin Technology for a total consideration of approximately RMB 2.393 billion.
(Reprinted from China Grid https://news.eccn.com)