Nexchip taps KWM and Haiwen on RMB9.96bn Star Market IPO

230509 CBLJ DH Nexchip copy

King & Wood Mallesons (KWM) and Haiwen & Partners acted on Nexchip Semiconductor Corporation’s RMB9.96 billion (USD1.44 billion) IPO on the Star Market, the largest A-share listing to date this year.

Partners Liu Dongya, Su Zheng and Cong Qunji led KWM’s team to advise Nexchip, while Haiwen’s partners Gao Wei and Xu Qifei provided legal suggestions to the solo sponsor and main underwriter CICC.

Nexchip is a chipmaker joint venture co-funded by Taiwan’s Powerchip Semiconductor Manufacturing and Hefei municipal authorities, specialising in the 12-inch wafer foundry business.

Its prospectus said the company has emerged as the third-largest foundry in mainland China, trailing only the industry giants SMIC and Huahong Group, and has reached the ninth spot on the list of the world’s largest foundries by revenue.