A look at Hua Hong Semiconductor's long history, influential investors, and prospects competing against global chipmaking giants.
A Huahong Group stand at the International Technology Fair in Shanghai, China, May 7, 2013. Credit: Imaginechina via AP Images
Business is booming at Hua Hong Semiconductor, China’s second largest chipmaker, even as tech export controls by Western countries present major headwinds to the industry.
The Shanghai-based chipmaker last week announced a plan to launch a $4 billion joint venture to expand its production lines amid strong demand for its chips. The company also has plans to raise $2.5 billion on the Shanghai STAR Market, which would be the third largest ever IPO on the city’s tech-focused bourse.
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