IJR News - today's news from every side

IJR News - today's news from every side

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Genius — OpenServe

xFusion Clears Review for Planned $1.2B IPOTech — 1dChinese AI server maker xFusion Digital Technologies cleared a key Shenzhen Stock Exchange review for its planned 8 billion yuan ($1.2 billion) IPO on the ChiNext board. Regulators scrutinized margins, cash flow, demand sustainability and customer and supplier concentration; the company has no further matters to address in the review.

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Maya Lindstrom Even with the review cleared, supplier concentration could still be a risk for xFusion going forward.

CanSemi plans ChiNext IPO that could make it first wafer maker — Sep 23, 2026Guangzhou-based CanSemi Technology is seeking to raise about 6.16 billion yuan in a Shenzhen ChiNext listing, pricing shares at 12.01 yuan and selling about 512.6 million new shares (potentially up to 589.54 million with overallotment) to fund 12-inch wafer production expansion and working capital. Strategic investors including Alibaba Cloud Feitian Information Technology, Goodix Technology and Biwin Storage Technology have taken stakes, underscoring strong demand for domestic chip manufacturing amid China’s tech self-reliance push.

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