Chinese artificial intelligence system-on-chip (SoC) supplier Axera Semiconductor traded flat on its debut in Hong Kong on Tuesday, in contrast to the spectacular gains by some mainland Chinese chip companies in their initial public offerings in recent weeks.
Shares of the Zhejiang province-based firm opened at HK$28.20 apiece, the same as the offer price. The company issued 100 million shares, raising HK$2.96 billion (US$378.7 million). Axera attracted HK$22.34 billion from retail investors…
Taiwan rebuffs U.S. push to absorb 40% of its chip supply chain
...
Read moreDetails