China’s semiconductor push is moving deeper into critical photoresist materials, spotlighting emerging domestic champions. According to ijiwei, Red Avenue New Material Group (RAChem) filed for listing on the Hong Kong Stock Exchange on February 13. As the report highlights, in the first nine month...

Another Chinese chip company is moving toward an IPO. According to ijiwei, Huawei-backed automotive chipmaker Norel Systems (Norelsys) has officially entered IPO tutoring, marking the formal start of its listing process. Notably, the company’s shareholder base brings together strong backing fr...

China’s AI chip sector could be approaching another high-profile listing. According to Bloomberg, sources say Alibaba is preparing to take its chipmaking arm, T-Head, public. As an initial move, Alibaba is said to be restructuring the unit into a business partly owned by employees, before explorin...

In 2025, China’s semiconductor industry has seen a new wave of IPO activity. According to ijiwei, statistics show that 30 semiconductor companies entered the A-share IPO review process during the year, with a combined fundraising target of nearly RMB 100 billion. At the same time, 19 non–A-share...

China’s AI chipmakers are stepping up their push toward Hong Kong listings. According to Reuters, Chinese search giant Baidu said that its AI chip unit Kunlunxin has confidentially submitted a listing application to the Hong Kong Stock Exchange on January 1, setting the stage for a potential spin-...