Turnover: 2.48 billion USD (2022)
Country: China
China's second-largest chipmaker
News
Chips: Chinese giant Hua Hong signs Asia's biggest IPO of the year 08/08/2023
- Hua Hong, China's second-largest foundry, has raised nearly $3 billion for its Shanghai IPO in 2023.
- Hua Hong plans to use this investment to open a new manufacturing plant in Wuxi, China, and to upgrade an existing production line.
- China accounts for a third of the world's semiconductor chip sales.
- Hua Hong posted record sales of $2.48 billion in 2022, up 52% on the previous year.
- Its net profit for the first quarter of the unspecified year was $152.2 million, compared with $102.9 million a year earlier.
Studies mentioning this company
The semiconductor market - France
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