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wrote a column · Jun 30 09:52

New IPO News | NEXCHIP, a 'globally leading wafer foundry supplier,' has launched its IPO and plans to list on July 10, with a minimum subscription amount of HK$3,262.57 per lot

Futu News, June 30: $NEXCHIP (02249.HK)$ The company announced that the IPO subscription period will run from June 30 to July 7. It plans to globally offer approximately 216 million shares, with listing expected on July 10.
Futu News, June 30: $NEXCHIP (02249.HK)$ The company announced that the IPO subscription period will run from June 30 to July 7. It plans to globally offer approximately 216 million shares, with listing expected on July 10. Company Overview JHICC is a leading pure-play 12-inch wafer foundry operating at a critical node in the global semiconductor value chain. As a professional wafer foundry service provider, it mass-produces high-quality processed wafers based on integrated circuit designs from fabless, fab-lite, and integrated device manufacturer (IDM) companies. NEXCHIP’s ability to combine differentiated process technologies with stable manufacturing scale has solidified its position in the global wafer foundry industry. According to Frost & Sullivan, between 2020 and 2025, among the world’s top ten wafer foundries, NEXCHIP achieved the fastest growth globally in both capacity and revenue. Based on the same source, in 2025, the company ranked as the world’s ninth-largest and China’s third-largest wafer foundry by revenue. Financial Summary In 2023, 2024, and 2025, NEXCHIP’s total revenue amounted to RMB 7,182.7 million, RMB 9,119.6 million, and RMB 10,388.3 million, respectively, with gross profit margins of 20.3%, 25.2%, and 22.7% for the corresponding years. In 2023...
Company Overview
JHICC is a leading pure-play 12-inch wafer foundry operating at a critical node in the global semiconductor value chain. As a professional wafer foundry service provider, it mass-produces high-quality processed wafers based on integrated circuit designs from fabless, fab-lite, and integrated device manufacturer (IDM) companies.
NEXCHIP’s ability to combine differentiated process technologies with stable manufacturing scale has solidified its position in the global wafer foundry industry. According to Frost & Sullivan, between 2020 and 2025, among the world’s top ten wafer foundries, NEXCHIP achieved the fastest growth globally in both capacity and revenue. Based on the same source, in 2025, the company ranked as the world’s ninth-largest and China’s third-largest wafer foundry by revenue.
Financial Summary
In 2023, 2024, and 2025, NEXCHIP’s total revenue amounted to RMB 7,182.7 million, RMB 9,119.6 million, and RMB 10,388.3 million, respectively, with gross profit margins of 20.3%, 25.2%, and 22.7% for the corresponding years. Net profit for 2023, 2024, and 2025 was RMB 119.2 million, RMB 482.2 million, and RMB 466.5 million, respectively, with corresponding net profit margins of 1.7%, 5.3%, and 4.5%.
Source: Prospectus
Source: Prospectus
Use of Proceeds
Regarding the use of proceeds, NEXCHIP expects net proceeds from the global offering to amount to approximately HK$6.536 billion (assuming the over-allotment option is not exercised and based on the mid-point offer price of HK$31.15 per share). According to the prospectus, NEXCHIP intends to allocate the funds raised from the global offering as follows:
Approximately 53.6% will be used for research and development and optimization of its next-generation 22nm technology platform; approximately 23.1% will be allocated to AI-driven intelligent R&D and production; approximately 13.3% will be used to establish an R&D and sales center in Hong Kong; and approximately 10% will be used for working capital and general corporate purposes.
Further reading:Jinghe Integrated Circuit prospectus
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Futu News, June 30: $NEXCHIP (02249.HK)$ The company announced that the IPO subscription period will run from June 30 to July 7. It plans to globally offer approximately 216 million shares, with listing expected on July 10. Company Overview JHICC is a leading pure-play 12-inch wafer foundry operating at a critical node in the global semiconductor value chain. As a professional wafer foundry service provider, it mass-produces high-quality processed wafers based on integrated circuit designs from fabless, fab-lite, and integrated device manufacturer (IDM) companies. NEXCHIP’s ability to combine differentiated process technologies with stable manufacturing scale has solidified its position in the global wafer foundry industry. According to Frost & Sullivan, between 2020 and 2025, among the world’s top ten wafer foundries, NEXCHIP achieved the fastest growth globally in both capacity and revenue. Based on the same source, in 2025, the company ranked as the world’s ninth-largest and China’s third-largest wafer foundry by revenue. Financial Summary In 2023, 2024, and 2025, NEXCHIP’s total revenue amounted to RMB 7,182.7 million, RMB 9,119.6 million, and RMB 10,388.3 million, respectively, with gross profit margins of 20.3%, 25.2%, and 22.7% for the corresponding years. In 2023...
Editor/Joe
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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