China’s third-largest foundry is raising up to $890m in Hong Kong to fund a $5.1bn Hefei plant and push toward 22nm, as Chinese chipmakers crowd back into the city.

China’s third-largest foundry is raising up to $890m in Hong Kong to fund a $5.1bn Hefei plant and push toward 22nm, as Chinese chipmakers crowd back into the city.

Nexchip's raising follows a slew of Chinese technology firms seeking to raise funds in Hong Kong's red-hot capital markets, with Apple supplier Luxshare Precision Industry…