business / news / / The Economic Times
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.
Axera Semiconductor aims to raise HK$2.96 billion through a Hong Kong IPO.
KEY POINTS
- 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
Summarized by Newsio from The Economic Times. How we summarize →