{
  "id": 10434541,
  "title": "Chinese chip foundry CanSemi’s IPO oversubscribed 2,360 times as investors chase AI boom",
  "url": "https://urgent.news/2026/09/28/chinese-chip-foundry-cansemis-ipo-oversubscribed-2-360-times-as-10434541",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-28T11:30:11.000Z",
  "source": {
    "name": "SCMP Business",
    "slug": "scmp-business",
    "url": "https://www.scmp.com/tech/tech-trends/article/3369074/chinese-chip-foundry-cansemis-ipo-oversubscribed-2360-times-investors-chase-ai-boom"
  },
  "original_language": "en",
  "account": "Chinese semiconductor firm CanSemi Technology’s initial public offering (IPO) on the Shenzhen exchange has become one of China's most sought-after tech listings this year, with investors eager to capitalize on the company's focus on silicon photonics and artificial intelligence. The retail portion of the IPO was 2,360 times oversubscribed, a testament to the strong investor appetite for CanSemi's technology. Established in 2017, CanSemi is known for manufacturing mature-node semiconductors for analog and mixed-signal applications used in power management, automotive electronics, and industrial sensors. The company's recent bet on silicon photonics—a technology that uses light to transmit data—has been a key driver of its growth. CanSemi launched a 90-nanometre silicon photonics technology platform in late 2024 and is transitioning to 65nm process nodes. The company's expertise in mature-node manufacturing, with a capacity for large-scale 12-inch silicon photonic wafer production, has set it apart from competitors. CanSemi's IPO attracted significant interest, with 14.4 million online accounts bidding for a combined 423.4 billion shares, resulting in an oversubscription of 2,360 times. The company's success is bolstered by strong institutional backing from state-backed investors and national-level industrial funds. This IPO signals the growing importance of domestic semiconductor companies in China's technology sector, particularly as the demand for optical interconnects in AI infrastructure continues to rise.",
  "summary": "Chinese chip foundry CanSemi Technology’s Shenzhen initial public offering (IPO) is emerging as one of mainland China’s most sought-after tech listings this year, as investors bet on its push into silicon photonics and its role in domestic artificial intelligence infrastructure. The Guangzhou-based company’s retail tranche was oversubscribed by more than 2,300 times after clawback, according to a…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "South China Morning Post",
        "title": "Chinese chip foundry CanSemi’s IPO oversubscribed 2,360 times as investors chase AI boom",
        "url": "https://urgent.news/2026/09/28/chinese-chip-foundry-cansemis-ipo-oversubscribed-2-360-times-as",
        "published": "2026-09-28T11:30:11.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}