Chinese chipmaker Hua Hong Semiconductor plans to raise $2.95 billion through an initial public offering on Shanghai’s STAR board on Tuesday.

As of 0225 GMT, the stock was changing hands at 54.6 yuan ($7.60), just 5% higher than its offer price of 52 yuan. The Shanghai Composite Index , opens new tab was down 0.6%, while Hua Hong's Hong ...

Hua Hong, which saw revenue jump 52% in 2022 to a record $2.5 billion, has said it will increase capacity at its 12-inch production line in Wuxi this year and will start to build new lines.

Looking ahead, Hua Hong forecasts the first quarter of 2025 revenue between US$530 million and US$550 million, with a projected gross margin of 9% to 11%. Strategic growth through expansion.

Hua Hong's fourth-quarter 2024 revenue and gross margin were USD 539 million and 11.4%, respectively, in line with guidance. Management hinted at a more aggressive approach in process node ...

Hua Hong Semiconductor Ltd. has received a green light for its 18 billion yuan ($2.6 billion) second listing on Shanghai’s Star board, potentially the biggest in China this year. Its Hong Kong ...

Hua Hong Semiconductor disclosed in a notice to investors Wednesday that Bai is now the company’s president on a three-year contract. His predecessor, Junjun Tang, remains chairman of Hua Hong.

Hua Hong Semiconductor, the state-backed Big Fund, and a Wuxi entity will fund a US$6.7 billion wafer fab in eastern Wuxi to focus on mature node chips after the US targeted China’s advanced ...

The second phase of Hua Hong Semiconductor's 12-inch wafer fab expansion in Wuxi held a production ceremony on December 10. This event garnered significant attention following the recent ...

Hua Hong’s ambitious expansion plans include a USD 6.7-billion plant housing a monthly capacity of 83,000 300mm wafers. The sum is equivalent to 70% of our aggregate 2024-26 revenue forecasts.

Shares of China’s Hua Hong Semiconductor Ltd. advanced in its trading debut in Shanghai after it raised 21.2 billion yuan ($2.96 billion) in the largest sale of new equity in the Asia Pacific ...

Chinese chipmaker Hua Hong Semiconductor said on Sunday it aims to raise up to 21.2 billion yuan ($2.95 billion)in a listing on the Shanghai stock exchange.