Ingenic follows domestic peers like Gigadevice and Montage Technology, which have turned to Hong Kong to broaden their global investor base to support artificial intelligence and automotive driven growth.
In line with many of mainland China’s chipmakers, Beijing-based Ingenic semiconductor is tapping Hong Kong’s capital markets with a share offering to raise HK$3.22 billion (US$410.4 million), to fund its international expansion.
The stocks are expected to start trading from August 25. The company has been listed on China’s Nasdaq-like ChiNext board since 2011, and is offering 31.29 million H shares at HK$102.80 each, according to a filing on Monday.
Ingenic follows domestic peers like GigaDevice and Montage Technology, which have turned to Hong Kong to broaden their global investor base to support AI and automotive driven growth.
The company plans to spend half of the proceeds on innovation and product development, 25 per cent for strategic investments and acquisitions and 15 percent on sales and promotion.
Founded in 2005, Ingenic operates on a fabless business model, designing chips for automotives, industrial equipment, medical devices and smart security systems. In 2020, it acquired a Silicon Valley based company Integrated Solutions Inc, bringing automotive grade memory products in its portfolio.
Last year storage chips accounted for Ingenic’s 61 per cent overall revenue with automotive related products consisting of 33.5 per cent, marking a strategic shift in the firm.
Ingenic reported an annual revenue growth of 12.5 per cent year-on-year and a net profit growth of three per cent year-on-year. In 2025, the company ranked second globally in static random access memory (SRAM), seventh in niche dynamic random access memory, and seventh in NOR Flash by revenue, according to data cited in the prospectus.
