{"id":45260,"date":"2023-08-07T00:56:31","date_gmt":"2023-08-07T04:56:31","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/hua-hong-semiconductor-rises-in-shanghai-debut\/"},"modified":"2023-08-07T00:56:32","modified_gmt":"2023-08-07T04:56:32","slug":"hua-hong-semiconductor-rises-in-shanghai-debut","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=45260","title":{"rendered":"Hua Hong Semiconductor Rises in Shanghai Debut"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"MW-BT-CO-20230806-701060\" role=\"document\">\n<p>By Yifan Wang<\/p>\n<pre><\/pre>\n<p>Hua Hong Semiconductor shares rose in their Shanghai debut on Monday, after the Chinese chipmaker raised close to $3 billion in the country&#8217;s largest initial public offering so far this year.<\/p>\n<p>The stock has gained as much as 15% and was last up 3.9% at 54.00 yuan (US$7.53) a share.<\/p>\n<div class=\"paywall\">\n<p>Hua Hong has sold 407.75 million shares at CNY52.00 each, raising a total CNY21.20 billion in gross proceeds, making the deal the biggest share-sale on the A-share market so far this year.<\/p>\n<p>The offering joined a host of Chinese chip makers that have gone public in recent months, as Beijing signals support for domestic semiconductor suppliers at a time of U.S.-China tech rivalry and geopolitical tensions.<\/p>\n<p>Hua Hong, which designs and manufactures specialty process wafers, plans to use the IPO proceeds to invest in a new fabrication plant in eastern China and to upgrade a production line.<\/p>\n<pre><\/pre>\n<p>Write to Yifan Wang at yifan.wang@wsj.com<\/p>\n<pre><\/pre>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/hua-hong-semiconductor-rises-in-shanghai-debut-cc00fb18?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Yifan Wang Hua Hong Semiconductor shares rose in their Shanghai debut on Monday, after the Chinese chipmaker raised close to $3 billion in the country&#8217;s largest initial public offering so far this year. The stock has gained as much as 15% and was last up 3.9% at 54.00 yuan (US$7.53) a share. Hua Hong [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-45260","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hua Hong Semiconductor Rises in Shanghai Debut | iFintechWorld<\/title>\n<meta name=\"description\" content=\"By Yifan Wang Hua Hong Semiconductor shares rose in their Shanghai debut on Monday, after the Chinese chipmaker raised close to $3 billion in the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=45260\" \/>\n<meta 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