"Hua Hong Semiconductor held a grand ceremony for its successful IPO today. With the ringing of the listing bell, Hua Hong Semiconductor officially landed on the STAR Market of the Shanghai Stock Exchange, with stock code "688347". 

The company issued approximately 408 million shares of common stock at an issue price of RMB 52.00 per share, resulting in a total issued share capital of approximately 1.716 billion shares and a price-to-earnings ratio of 34.71 times. 

The total amount of funds raised in this public offering is RMB 21.203 billion, making it the third-highest fundraising amount since the establishment of the STAR Market."

Further information on Hua Hong Semiconductor from PCB UNION: China's Hua Hong Semiconductor to raise $3 billion in Shanghai IPO

About Hua Hong Semiconductor

Hua Hong Semiconductor Limited (“Hua Hong Semiconductor”, stock code: 1347.HK) (the “Company”) is a global, leading pure-play foundry focused on continuous innovation of “8-inch + 12-inch” specialty technologies, including non-volatile memory (“NVM”), power discrete, analog & power management, and logic & RF, supporting applications in emerging areas, such as the Internet of Things, using advanced “Specialty IC + Power Discrete” technology platforms. Of special note is the Company’s outstanding quality control system that satisfies the strict requirements of automotive chip manufacturing. The Company is part of the Huahong Group, an enterprise group whose main business is IC manufacturing, with advanced “8-inch + 12-inch” production line technology.

The Company presently operates three 8-inch wafer fabrication facilities (HH Fab1, HH Fab2, and HH Fab3) in Jinqiao and Zhangjiang, Shanghai, with a total monthly 8-inch wafer capacity of approximately 180,000 wafers. The 12-inch wafer fabrication facility (HH Fab7) in Wuxi National High-Tech Industrial Development Zone, at a 65,000 wafer per month capacity, has become a leading 12-inch foundry devoted to power discrete semiconductors in the Chinese mainland.

Hua Hong Semiconductor offers a broad selection of customizable processes across the 1.0μm to 65/55nm technology nodes. Hua Hong Semiconductor is the foundry of choice for a variety of fast growing NVM applications such as smart cards and MCUs because of its NVM technology for its high security, reliability, cost effectiveness and technical sophistication. The Company also has strong capabilities and rich experience in mass production in power discrete technologies. The Company also has strong capabilities in power discrete technologies and a dedicated fab to manufacture discrete products.

Hua Hong Semiconductor is the trusted technology and manufacturing partner of its customers. The Company uses its own proprietary processes and techniques to manufacture semiconductors of the design specifications of its diverse customers, which include IDMs and systems and fabless companies. The Company also offers design enablement services facilitating the timely completion of complex designs that are optimized in terms of performance, cost and manufacturing yield on our processes. The semiconductors the Company manufactures are incorporated into a wide range of products in diverse markets, including consumer electronics, communications, computing, industrial and automotive.