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Semiconductors

China chipmakers line up $8bn via IPOs in comeback from U.S. curbs

Domestic sales grow as companies focus on mature tech to skirt sanctions

Chinese chipmaker Huahong Group expects to raise more than $2 billion when it lists on Shanghai's STAR market. (Photo by Shunsuke Tabeta)

SHANGHAI -- Chinese semiconductor manufacturers expect to raise over $8 billion from stock market listings so far this year, looking to expand output capacity to bounce back from a market downturn and U.S. export curbs.

Hong Kong-listed Hua Hong Semiconductor received approval in early June for a dual listing on Shanghai's tech-oriented STAR market, where it aims to raise 18 billion yuan ($2.5 billion).

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