SHANGHAI : Chinese chipmaker Hua Hong Semiconductor Ltd said it had received Shanghai Stock Exchange approval for its planned $2.6 billion share listing, which is expected to be one of the country's biggest this year. Hong Kong-listed Hua Hong's plan for a secondary listing on Shanghai's STAR Market has b
SHANGHAI : Chinese chipmaker Hua Hong Semiconductor Ltd said it had received Shanghai Stock Exchange approval for its planned $2.6 billion share listing, which is expected to be one of the country's biggest this year.
Hong Kong-listed Hua Hong's plan for a secondary listing on Shanghai's STAR Market has been approved by the bourse's listing committee, and it will submit an application for registration to China's securities regulator, the company said late on Wednesday. Hua Hong joins a growing list of Chinese chipmakers to sell shares publicly on the mainland amid a Sino-U.S. rivalry that has seen Washington stepping up efforts to restrict exports to Beijing's semiconductor industry.
Hua Hong, which competes with bigger Chinese rival Semiconductor Manufacturing International Corp, has said it plans to raise up to 18 billion yuan to fund investment and innovation.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong leader says China's sentencing of US citizen exposes national security threatsHONG KONG: Hong Kong’s leader on Tuesday (May 16) said the sentencing on spying charges of a US citizen in China, who was also a permanent resident of the semi-autonomous city, illustrated that the terr
Read more »
iDEAL Semiconductor targets cheaper electric car chips with $40 million fundingiDEAL Semiconductor on Tuesday said it has raised a new round of funding and is releasing a new technology that can make chips for electric vehicles and data centers more efficient while using cheap, readily available materials.iDEAL's technology is a new way of making what are called power chips, which g
Read more »
ON Semiconductor mulls $2 billion investment in electric vehicle chip productionON Semiconductor Corp is considering investing $2 billion in boosting production of silicon carbide chips that are widely used to help extend the range of electric vehicles, company executives said on Tuesday.Chief Financial Officer Thad Trent said during an analyst presentation the company is considering
Read more »
ON Semiconductor considers $2 billion investment in electric vehicle chip production:ON Semiconductor Corp is considering investing $2 billion in boosting production of silicon carbide chips that are widely used to help extend the range of electric vehicles, company executives said on Tuesday.Company executives said during an analyst presentation the company is considering the expansion in e
Read more »
Hong Kong leader John Lee says public libraries must ensure books don't violate lawsHONG KONG - Hong Kong's leader said on Tuesday (May 16) public libraries needed to ensure books don't violate local laws, amid criticism that many books and videos related to China's Tiananmen Square crackdown have now been removed from library shelves. 'These books are accessible by people in private book shops. If they want to buy, they can buy,' Hong...
Read more »
Hong Kong 'firefighter' cartoonist bids farewell to newspaper strip after 40 yearsHONG KONG - One of Hong Kong's most prominent political cartoonists, whose newspaper cartoon strip was axed on Sunday (May 14) after four decades, defended freedom of expression in the face of political pressures while urging others to keep speaking out. 'Apart from news reports, cartoons are used to record some of society's moods, or some very layman ideas, those...
Read more »