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CANSEMI SEEKS $919M IPO ON SHENZHEN EXCHANGE

Chinese chip foundry CanSemi Technology has filed for an initial public offering on Shenzhen's ChiNext board, targeting 6.16 billion yuan ($919 million) in capital. The company specializes in automotive, industrial, and IoT semiconductors.

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Chinese chip foundry CanSemi, focused on automotive, industrial, and IoT chips, files for an IPO on Shenzhen stock exchange's ChiNext, seeking to raise ~$919M (Sangmi Cha/Bloomberg)

Sangmi Cha / Bloomberg: Chinese chip foundry CanSemi, focused on automotive, industrial, and IoT chips, files for an IPO…

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