Cansemi Tech Aims for $919 Million IPO on Shenzhen Exchange

WHO:

Techmeme - CanSemi Technology Inc. is a Chinese chip foundry focused on automotive, industrial, and IoT chips.

WHAT:

Techmeme - CanSemi is seeking to raise approximately 6.16 billion yuan ($919 million) in an initial public offering (IPO).

Bloomberg Markets - The IPO is set to take place on the Shenzhen stock exchange’s ChiNext board.

WHERE:

Techmeme - The IPO will be conducted on the Shenzhen stock exchange in China.

WHY:

Bloomberg Markets - CanSemi is joining a growing list of companies in the chip industry capitalizing on Beijing’s drive for tech self-reliance.

(UPDATED September 23, 2026 09:01 UTC)

CanSemi Technology Inc., a Chinese chip foundry specializing in automotive, industrial, and IoT chips, is planning to raise approximately 6.16 billion yuan, or about $919 million, in an initial public offering. This IPO is set to take place on the Shenzhen stock exchange’s ChiNext board, as CanSemi joins a growing list of companies in the chip industry looking to benefit from Beijing’s push for tech self-reliance. The move highlights the increasing importance of domestic chip production in China’s technology landscape.