New Stock Information | Nexchip Semiconductor Corporation (688249.SH) Hong Kong IPO prospectus is invalid.

Hefei Nexchip Semiconductor Corporation (referred to as Nexchip Semiconductor Corporation) (688249.SH) submitted its Hong Kong IPO prospectus on September 29, 2025, which expired after 6 months on March 29, 2026. CICC was its exclusive sponsor at the time of submission. The prospectus shows that Nexchip Semiconductor Corporation is a globally leading 12-inch pure wafer foundry enterprise. Since its establishment in 2015, it has been devoted to the research and application of advanced processes in the industry, providing customers with wafer foundry services covering processes ranging from 150nm to 40nm and various applications, while steadily promoting the development of the 28nm platform. According to data from Frost & Sullivan, from 2020 to 2024, Nexchip Semiconductor Corporation had the fastest growth rate in capacity and revenue among the top ten wafer foundry enterprises worldwide. Based on the same source, in 2024, by operating income, Nexchip Semiconductor Corporation was the ninth largest globally and the third largest in mainland China.