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Chinese AI chipmaker Axera Semiconductor to raise $379 million via Hong Kong IPO
['Thu', 'January At Pm Gmt', 'Min Read']
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Jan 30 (Reuters) - Chinese artificial intelligence chipmaker Axera Semiconductor is aiming to raise HK$2.96 billion ($379.2 million) in an initial public offering in Hong Kong, a regulatory filing showed on Friday.
Founded in 2019, Axera is a fabless chip designer focused on AI inference system-on-chips used in on-device computing, edge inference and smart vehicles, the prospectus said.
Axera said it was the largest provider of mid-to-high-end visual on-device AI inference chips globally by shipments in 2024, citing research firm China Insights Industry Consultancy (CIC) in the filing.
For the first nine months of 2025, its revenue rose 5.8% to 269.0 million yuan ($38.7 million) from 254.2 million yuan a year earlier, while net loss widened to 855.7 million yuan from 691.0 million yuan, the filing showed.
($1 = 7.8053 Hong Kong dollars)($1 = 6.9480 Chinese yuan renminbi)(Reporting by Kumar Tanishk in Bengaluru and Yantoultra Ngui in Singapore; Editing by Pooja Desai and Varun H K)