Chinese chip foundry CanSemi files for Shenzhen ChiNext IPO to raise ~$919M

Chinese chip foundry CanSemi Technology Inc., which focuses on automotive, industrial, and IoT chips, has filed for an IPO on the Shenzhen Stock Exchange's ChiNext board. The company is seeking to raise about 6.16 billion yuan ($919 million).

• CanSemi filed for an IPO on Shenzhen's ChiNext board
• It seeks to raise about 6.16 billion yuan ($919 million)
• The foundry focuses on automotive, industrial, and IoT chips