Axera Tech Lists on Hong Kong Stock Exchange, Bolstering Edge AI Chip Ambitions

[Company Listing] Axera Tech officially debuted on the Hong Kong Stock Exchange on February 10, becoming the first edge AI chip company listed on the HKEX, with an opening market capitalization of HK$16.58 billion.

Key Developments: Raising HK$2.799 billion to Accelerate Technical Breakthroughs and Smart Automotive Expansion

Axera Tech globally offered 105 million H-shares at an issue price of HK$28.20 per share, achieving 104.82 times oversubscription in the public offering. Cornerstone investors include industry leaders such as Will Semiconductor and Desay SV, reflecting strong sector confidence.

Strategic Foundation: Rising to China’s Top Tier of Domestic Automotive AI Chipmakers Within Seven Years

Founded by Dr. Xiaoxin Qiu, former CTO of Unisoc, the company focuses on edge AI inference SoCs and has independently developed two core IPs: "Axera Vision AI-ISP" and "Axera Tongyuan NPU." It has become the second-largest domestic ADAS chip supplier in China, despite automotive-related revenue accounting for less than 7% of total revenue.