Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

CanSemi Tech Joins China Chip IPO Wave With $919 Million Deal

Chinese chip foundry CanSemi Technology Inc. is seeking to raise about 6.16 billion yuan ($919 million) in an initial public offering on the Shenzhen stock exchange’s ChiNext board, joining a growing list of companies in the industry capitalizing on Beijing’s drive for tech self-reliance.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

Read the original at bloomberg.com →

More in Finance & Markets

More from Wednesday 23 September →