Nexchip Semiconductor Corp. Class A 688249

China's Nexchip Semiconductor said on Wednesday it aims to raise around HK$6.98 billion ($890.37 million) ‌in its Hong Kong share sale by pricing the ‌offering at the top end of its range to benefit from the city's revitalised ​capital market. Nexchip plans to spend more than HK$3.5 billion from the proceeds on research and development and another HK$1.5 billion on ‌AI-powered systems to integrate ⁠research, development and production processes. New listings in Hong Kong have soared nearly 57% in the first half of 2026 from a year ​earlier ​to about $22.45 billion, marking the busiest ​start