New Stocks First Day | Nexchip Semiconductor Corporation (02249) debuts on the market with an opening price up 11.46% in early trading. The company is the third largest semiconductor foundry in mainland China.

Nexchip Semiconductor Corporation (02249) is the first to be listed. The announcement shows that each share is priced at HK$32.3, with a total issuance of 216 million shares, with 100 shares per lot, resulting in a net amount of approximately HK$6.79 billion. As of the time of writing, it has risen by 11.46%, and is priced at HK$36, with a turnover of HK$7.55 billion. According to the prospectus, Nexchip Semiconductor Corporation is a leading 12-inch pure wafer foundry enterprise, positioned at a key point in the global semiconductor value chain. As a professional wafer foundry service provider, the foundry enterprise processes the IC design blueprints of fabless, light fab and vertically integrated manufacturing (IDM) companies into high-quality processed wafers on a large scale. Nexchip Semiconductor Corporation combines differentiated process technology with the ability to stabilize manufacturing scales, consolidating the company's position in the global wafer foundry field. According to data from Frost & Sullivan, from 2020 to 2025, among the top ten wafer foundry enterprises globally, the company's capacity and revenue growth rate is the highest in the world. According to the same data source, by 2025, in terms of revenue, the company is the ninth largest globally, and the third largest in mainland China.