China’s third-largest chip foundry just filed for a Hong Kong listing. The real story is the $5 billion fab behind it.

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Nexchip Semiconductor filed for a listing on the Hong Kong Stock Exchange on Tuesday, joining a stampede of Chinese chip companies turning to the city’s capital markets as Beijing pours resources into building a domestic semiconductor supply chain that can withstand American export controls. The Hefei-based foundry, China’s third largest behind SMIC and Hua Hong […]This story continues at The Next Web