Chinese AI chipmaker Axera Semiconductor targets HK$2.96bn IPO
Chinese artificial intelligence chip designer Axera Semiconductor filed to raise HK$2.96 billion ($379 million) in a Hong Kong initial public offering, signalling strong investor appetite for domestic AI hardware suppliers.
Why it matters for Asia
more capital flowing into Asia-based AI silicon firms supports local supply chains, reduces reliance on external suppliers, and accelerates regional compute capacity.

