On July 10, China's 12-inch pure wafer foundry - Nexchip officially listed on the Hong Kong Stock Exchange, successfully achieving a dual listing in both A and H shares. It is the third wafer foundry company in mainland China to be listed in both markets, following Semiconductor Manufacturing International Corporation and Shanghai Huahong.

According to data, Nexchip performed impressively on its first day of trading, with the opening price rising by 11% to HKD 36 per share, bringing the company's total market capitalization to approximately HKD 75.8 billion (about TWD 308.2 billion). After the revenue statistics for 2025 were compiled, Nexchip became the ninth largest foundry globally and the third largest in mainland China.

Chinese media reported that Nexchip attracted 20 institutional investors for its Hong Kong listing, including well-known asset management and core industry companies such as Hillhouse Capital, Shanghai Gao Yi, Goertek, and Chery Automobile, with total subscriptions accounting for 49.92% of the globally offered shares, amounting to approximately HKD 3.372 billion. As for the use of the raised funds, Nexchip plans to focus on investing in the research and development and optimization of the 22-nanometer next-generation technology platform, building an AI-enabled intelligent research and production system, and plans to establish a research and sales center in Hong Kong to provide stable financial support for the company's technological breakthroughs and global layout.

Reports indicate that from 2020 to 2025, Nexchip's capacity expansion and revenue growth rate among the top ten foundries globally ranked first. From 2023 to 2025, revenue is expected to grow for three consecutive years, increasing from RMB 7.183 billion to RMB 10.388 billion. In the past, Nexchip focused on display driver ICs (DDIC) as its core foundry business. However, starting in 2024, CIS image sensors and PMIC power management chips have become new core growth products. Currently, Nexchip has the capability to mass produce high-end CIS products at 90 nanometers and 55 nanometers, supporting resolutions of up to 50 million pixels. In the PMIC field, it has advanced to the mass production stage of 150 nanometers and 110 nanometers, and the research and development stage of 90 nanometers.

At present, Nexchip has established a 12-inch wafer foundry base in Hefei, Anhui, with monthly wafer production expected to grow from 79,800 pieces to 139,000 pieces from 2023 to 2025. The shipment volume in the first four months of 2026 reached 606,000 pieces. In terms of research and development, Nexchip has invested over RMB 3.7 billion in the past three years, completing the development of the 28-nanometer logic chip platform, and by the end of 2025, it is expected to hold 1,057 invention patents.

Reports quote Nexchip's statement that, with the support of its largest shareholder Hefei Construction Investment holding 39.71% and other state-owned backgrounds, the management remains optimistic about the future development of the industry. Through this Hong Kong listing, Nexchip has successfully opened up overseas financing channels, which not only alleviates the financial and depreciation pressures brought by expansion but also allows for deep connections with global capital and overseas customers through an international platform, optimizing the customer structure Looking ahead, as the fields of AI smart devices, automotive electronics, and robotics explode, the demand for core chips such as PMIC, MCU, and DDIC, which rely on mature process production, will continue to rise. Nexchip will continue to leverage its technological, production capacity, and capital advantages to lead the domestic mature process track, supporting the high-quality upgrade of the semiconductor industry.

(Source of the first image: official website)