Chinese chip foundry CanSemi’s IPO oversubscribed 2,360 times as investors chase AI boom

CanSemi Technology's IPO in Shenzhen is becoming one of the most sought-after tech listings in mainland China this year, as investors are optimistic about its advancements in silicon photonics and its role in domestic AI infrastructure. The retail tranche of the IPO was oversubscribed by more than 2,300 times after clawback, indicating a strong demand from investors eager to secure a stake in this emerging company. These developments highlight the significance of investing in local technology, particularly as China aims to enhance its AI infrastructure, which could have substantial implications for the market.