<p>Chinese chipmaker Hua Hong Semiconductor said on Sunday it aims to raise up to 21.2 billion yuan ($2.95 billion)in a listing on the Shanghai stock exchange.</p>.<p>The country's second-largest chip foundry will sell 407.75 million shares priced at 52 yuan per share, it said in a statement to the exchange.</p>.<p>The IPO by the chipmaker is set to be the biggest mainland listing this year.</p>.<p>It comes as Chinese chipmakers rush to raise capital as Beijing seeks self-sufficiency in an escalating technology war with Washington.</p>.<p>Hua Hong, which saw revenue jump 52% in 2022 to a record $2.5 billion, has said it will increase capacity at its 12-inch production line in Wuxi this year and will start to build new lines</p>
<p>Chinese chipmaker Hua Hong Semiconductor said on Sunday it aims to raise up to 21.2 billion yuan ($2.95 billion)in a listing on the Shanghai stock exchange.</p>.<p>The country's second-largest chip foundry will sell 407.75 million shares priced at 52 yuan per share, it said in a statement to the exchange.</p>.<p>The IPO by the chipmaker is set to be the biggest mainland listing this year.</p>.<p>It comes as Chinese chipmakers rush to raise capital as Beijing seeks self-sufficiency in an escalating technology war with Washington.</p>.<p>Hua Hong, which saw revenue jump 52% in 2022 to a record $2.5 billion, has said it will increase capacity at its 12-inch production line in Wuxi this year and will start to build new lines</p>