Hua Hong to raise funds on the Shanghai Stock Exchange
Hong Kong-listed Hua Hong received approval on 7 November for an IPO on Shanghai’s Star Market, raising a hoped-for total of $2.5 billion. Hua Hong, the country’s second largest semiconductor producer after SMIC, is at the heart of the Chinese government’s self-sufficiency strategy: at the 20th Party Congress last month, President Xi Jinping declared that […]
China denied access to US new-generation semiconductors
Xi Jinping said at the 20th CCP Congress last October that he wanted to “win the battle of key technologies” and strengthen China’s position as a major technological power. These efforts may well be undermined by Washington’s latest moves to restrict the sale of the latest semiconductor and chip-making equipment to China.On the 7 of […]