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Chinese chip foundry CanSemi Technology's Shenzhen IPO oversubscribed 2,360 times as investors chase AI boom
CanSemi Technology's retail tranche was oversubscribed by more than 2,300 times after clawback, according to a stock exchange filing late on Sunday. Investors are betting on its push into silicon photonics and its role in domestic artificial intelligence infrastructure. The Guangzhou-based company is expected to be the first pure-play wafer fabrication company to list on Shenzhen's tech-heavy ChiNext board.
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