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Ingenic launches IPO to join wave of mainland China chipmakers raising funds in Hong Kong
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Ben Jiangin BeijingPublished: 2:40pm, 17 Aug 2026
Beijing-based Ingenic Semiconductor has launched a Hong Kong share offering to raise up to HK$3.22 billion (US$410.4 million), joining a growing wave of mainland Chinese chipmakers tapping the city’s capital markets to fund international expansion.
The company, which has been listed on Shenzhen’s Nasdaq-like ChiNext board since 2011, is offering 31.29 million H shares priced at up to HK$102.80 each, according to a filing on Monday. The shares were expected to start trading on August 25 under the stock code 3223, with Guotai Junan International serving as the sole sponsor.
The listing reflects renewed investor momentum in the sector, fuelled by a recovery in chip demand and Beijing’s push for semiconductor self-sufficiency.
Ingenic follows domestic peers, such as GigaDevice and Montage Technology, which have turned to Hong Kong to broaden their global investor base and support artificial intelligence- and automotive-driven growth.
Ingenic planned to deploy half of the proceeds into innovation and product development across its core memory, computing and analogue chip lines. Around 25 per cent would be allocated for strategic investments and acquisitions, while 15 per cent would be earmarked to expand its sales network and to promote products.
Founded in 2005, Ingenic operates on a fabless business model, designing chips for automotive electronics, industrial equipment, medical devices and smart security systems. It broadened its footprint in 2020 by acquiring Silicon Valley-based Integrated Silicon Solution Inc, bringing automotive-grade memory products into its portfolio.
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