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China 3rd Largest 2022 IPO Hygon Information Technology Shares Price Increased by 100% Day 1 Trading, Raised $1.6 Billion
12th August 2022 | Hong Kong
China 3rd largest IPO in 2022 Hygon Information Technology had increased by more than 100% (CNY 73.80, IPO CNY 36) onday 1 of trading (12/8/22), raising $1.6 billion (CNY 10.8 billion) from its listing on STAR Market (Shanghai Stock Exchange Science and Technology Innovation Board).HYGON was founded in February 2016, as a Sino-American Joint Venture Integrated Circuit Design Company. The Chinese shareholder is Tianjin Haiguang Advanced Technology Investment Company Ltd., and the foreign shareholder is Advanced Micro Devices, Inc. (AMD).
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HYGON Linkedin Profile
Shanghai, China
HYGON was founded in February 2016, as a Sino-American Joint Venture Integrated Circuit Design Company. The Chinese shareholder is Tianjin Haiguang Advanced Technology Investment Company Ltd., and the foreign shareholder is Advanced Micro Devices, Inc. (AMD). The registered capital of HYGON is US $300 million, of which Chinese shareholder owns 70%. We headquarter in Chengdu Tianfu Software Park, with R&D branches in Beijing, Zhongguancun Software Park, Suzhou Industrial Park, Shanghai and the United States. The Company mainly designs advanced integrated circuit.Based on the current international mainstream of microprocessor architecture, HYGON designs compatible, safe and reliable server processor chips that meet the actual needs of Chinese market. In the future, HYGON will optimize the micro architecture of processor core according to application requirement, and develop more competitive server processors and related processing chips by using the latest semiconductor technology.HYGON aims to be the most valuable integrated circuit design enterprise in China. In light of current trends, China has become a big country of information industry; however, because of the lack of core technology and product, China’s information industry is “big” rather than “strong”. Faced with actual needs of Chinese information industry, HYGON adheres to innovation and breakthroughs in core technologies. We design the server processor products, which critically influence the performance and security of information system, solving the problem “lacking chip and soul” of our country’s information industry. We aspire to become the most valuable integrated circuit design enterprise in China.
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