The chipmaker is expanding beyond automotive and energy storage to pursue broader physical AI opportunities.
Written by IPO Zaozhidao
Published on
12 May 2026
4 mins read
Senasic Electronics Technology has passed its listing hearing with the Hong Kong Stock Exchange and disclosed its post-hearing information pack on May 10. CICC and Guotai Haitong Securities are serving as joint sponsors.
CATL is among the investors backing the chassis-by-wire company.
Shanghai-based Hesai plans to issue up to 51.24 million shares on the Hong Kong stock exchange.
In 2024, about 28 per cent of its revenues came from exports, mainly to North America, Europe and Asia-Pacific.
The dominant maker of the key sensors in self-driving cars announced a US$40 million deal with a US robotaxi firm on Monday.
Through the public offering, Cerebras could be worth three times more than what it was in a 2025 funding round, one person said.
Its optical computing solutions could address key bottlenecks in AI systems.
Cerebras climbs 68 percent after record IPO - Taipei Times
