Eswin’s capability in 12-inch wafers is seen as an important asset for China’s strategic drive towards semiconductor self-sufficiency
Eswin, China’s largest supplier of 12-inch silicon wafers, has received approval for an initial public offering (IPO) in Shanghai, the latest sign of increased efforts by Chinese chip companies to raise funds amid the rapid development of artificial intelligence (AI) and the country’s tech self-sufficiency drive.
The company, which produces monocrystalline silicon polished wafers and epitaxial wafers for the manufacture of integrated circuits, received approval on Thursday for a listing on the Nasdaq-style Star Market, to raise 4.9 billion yuan (US$682.8 million), according to information released by the Shanghai Stock Exchange.
Eswin’s capability in supplying 12-inch wafers is seen as an important asset for China’s strategic drive towards semiconductor self-sufficiency amid the US-China tech war.
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