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Chinese chip foundry CanSemi Technology seeks to raise $919 million in Shenzhen IPO
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. The move aligns with Beijing’s drive for tech self-reliance, attracting a growing list of companies in the industry to capitalize on this trend.
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