New Stock News: Nexchip Semiconductor Corporation's (688249.SH) Hong Kong IPO has been approved by the China Securities Regulatory Commission.

On May 22, the International Cooperation Department of the China Securities Regulatory Commission issued the "Notice of Overseas Issuance and Listing Filing for Hefei Nexchip Semiconductor Corporation". Nexchip Semiconductor Corporation (688249.SH) intends to issue no more than 248,592,000 ordinary shares for overseas listing and listing on the Hong Kong Stock Exchange. The prospectus shows that Nexchip Semiconductor Corporation is a leading 12-inch wafer foundry enterprise, situated at a crucial point in the global semiconductor value chain. As a professional wafer foundry service provider, the foundry enterprise produces high-quality processed wafers on a large scale based on the integrated circuit design blueprints of waferless, thin-wafer, and vertically integrated manufacturing (IDM) companies. According to data from Frost & Sullivan, from 2020 to 2025, among the top ten wafer foundry enterprises globally, the company's production capacity and revenue growth rate is ranked first worldwide. According to the same source, by 2025, in terms of revenue, the company is ranked as the ninth largest globally and the third largest in mainland China in wafer foundry enterprises. The company operates a large-scale wafer foundry production base dedicated to 12-inch wafers in Hefei, Anhui Province. The production facilities are concentrated in a single manufacturing park. As of December 31, 2025, the total building area of the production base is approximately 387,007.6 square meters, and in 2025, the average monthly production of 12-inch wafers is 139,000 pieces.