On June 8, 2026, NEXCHIP Semiconductor Corporation ("NEXCHIP"), headquartered in the XinZhan District of Hefei, Anhui Province, disclosed its post-hearing prospectus on the Hong Kong Stock Exchange and may soon list on the Hong Kong Main Board. The company previously submitted listing applications on September 29, 2025, and March 31, 2026.
NEXCHIP (688249.SH) was listed on the Shanghai Stock Exchange on May 5, 2023, and as of June 7, 2026, had a total market capitalization of approximately RMB 76.5 billion.
Link to NEXCHIP's post-hearing prospectus
Core Business
Founded in 2015, NEXCHIP is a globally leading pure-play 12-inch wafer foundry. The company has consistently advanced its process technology, offering foundry services for process platforms covering nodes from 150nm to 40nm across a wide range of applications, and has successfully developed a 28nm logic chip platform.
NEXCHIP’s process capabilities focus on key application-specific integrated circuit categories. Its product portfolio includes display driver ICs (DDICs) for display control, CMOS image sensors (CIS) for image sensing, and power management ICs (PMICs) for regulating and optimizing power usage. Additionally, its logic ICs (supporting data processing) and microcontroller units (MCUs, providing embedded control) serve a broad spectrum of applications, including consumer electronics, automotive electronics, industrial control, artificial intelligence, the Internet of Things (IoT), and memory.
According to Frost & Sullivan, between 2020 and 2025, NEXCHIP achieved the fastest growth in both capacity and revenue among the world’s top ten wafer foundries. By revenue in 2025, NEXCHIP ranked as the ninth-largest wafer foundry globally and the third-largest in mainland China.
Shareholding Structure
As disclosed in the prospectus, prior to its Hong Kong listing, NEXCHIP’s shareholder structure included:
Hefei Construction Investment Holding Group, an entity under the Hefei Municipal State-owned Assets Supervision and Administration Commission (SASAC), held 23.34%, and Hefei Xinping held 16.37%, together constituting 39.71% ownership and serving as the controlling shareholders.
Powerchip Venture Capital (5346.TW) held 8.07%;
Huaqin Technology (603296.SH) held a combined 11.00%;
Other A-share shareholders hold 41.22% of the shares.
Directors and Senior Management
The board of directors of JHJ Integrated consists of nine directors, including:
Two executive directors
Mr. Cai Guozhi (Chairman);
Mr. Zhu Caiwei (Board Secretary, Chief Financial Officer, and Deputy General Manager);
Four non-executive directors
Mr. Lu Qinhang (Vice Chairman, Executive Director and General Manager of Hefei Construction Investment Group);
Ms. Chen Xiaobei (Deputy General Manager of Hefei Construction Investment Group);
Mr. Guo Zhaozhi (Deputy General Manager of Hefei Construction Investment Group);
Mr. Qiu Wensheng (Chairman and General Manager of Huaqin Technology Co., Ltd. [SHA: 603296]);
Three independent non-executive directors
Professor An Guangshi (Professor at Anhui University of Finance and Economics);
Professor Lin Zhiting (Professor at the School of Integrated Circuits, Anhui University);
Mr. Chen Ting (Chief Executive Officer, China Region, MSB Global Capital Corp.);
In addition to executive directors, senior management includes:
Mr. Qiu Xianhuan (Co-Managing Director);
Dr. Zheng Zhicheng (Co-Managing Director);
Ms. Zhu Xiaojuan (Deputy General Manager);
Mr. Zhou Yiliang (Deputy General Manager).
Company performance
According to the prospectus, JHICC’s revenue for the years 2023, 2024, and 2025 amounted to RMB 7.183 billion, RMB 9.120 billion, and RMB 10.388 billion, respectively, with corresponding net profits of RMB 119 million, RMB 482 million, and RMB 466 million.
Intermediary team
The intermediaries involved in JHICC’s IPO primarily include:
CICC is its exclusive sponsor;
RSM (Hong Kong) as its auditor;
King & Wood Mallesons is the company's legal counsel in China;
Clifford Chance as its Hong Kong and U.S. legal counsel;
Haiwen as its China legal counsel for securities dealers;
Herbert Smith Freehills as legal counsel to the sponsor in Hong Kong and the United States;
Sunbase Capital as its compliance advisor;
Frost & Sullivan served as its industry consultant.