# Chinese artificial intelligence chipmaker Axera Semiconductor is aiming to raise ‍HK$2.96 billion ($379.2 million) in an initial public offering in Hong Kong.

*business · news · 2026-01-30 · The Economic Times*

## Key points

- Axera Semiconductor aims to raise HK$2.96 billion through a Hong Kong IPO.
- Axera claims to be the largest global supplier of mid-to-high-end visual on-device AI inference chips by shipments in 2024.
- Proceeds from the IPO will fund technology upgrades, product development, equity investments, acquisitions, and sales expansion.
- Cornerstone investors include WILL Semiconductor's OmniVision unit and JSC International Investment Fund SPC.

**Companies:** Tencent, Axera Semiconductor, Qiming Venture Partners, OmniVision Integrated Circuits, WILL semiconductor, JSC International Investment Fund SPC
**Countries:** China, Hong Kong

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/tech/artificial-intelligence/chinese-ai-chipmaker-axera-semiconductor-to-raise-379-million-via-hong-kong-ipo/articleshow/127796361.cms)

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