Reported about 14 hours ago
SiCarrier, a Chinese chip equipment maker closely associated with Huawei, is aiming to raise $2.8 billion in its first fundraising round to expand its operations and become the leading domestic provider of chipmaking equipment. Founded in 2021, SiCarrier has gained attention in the semiconductor industry, despite having limited product readiness. The Shenzhen government is looking to sell a stake in SiCarrier, and interest from state-owned firms and venture capital is high, as the company competes to overcome U.S. export restrictions and establish itself in a crucial technological field.
Source: YAHOO