NEXCHIP (HKEX: 02249) commenced trading on the Hong Kong Stock Exchange today, opening significantly higher.

The company's shares were priced at HKD 32.3 each, with a total of 216 million shares offered for sale. The net proceeds from the offering are approximately HKD 6.779 billion.

In early trading, the stock rose 11.46% to HKD 36.00, with a trading turnover of HKD 755 million.

According to its prospectus, NEXCHIP is a leading pure-play 12-inch wafer foundry, playing a crucial role in the global semiconductor value chain. The company provides professional foundry services, transforming integrated circuit design blueprints from fabless, fab-lite, and integrated device manufacturers into high-quality processed wafers at scale.

The company's strength lies in combining differentiated process technologies with stable manufacturing capacity, solidifying its position in the global foundry market.

Data from Frost & Sullivan indicates that from 2020 to 2025, NEXCHIP is projected to have the highest growth rate in both production capacity and revenue among the world's top ten foundry companies.

Based on the same source, the company is forecasted to be the ninth-largest foundry globally and the third-largest within mainland China by revenue in 2025.