Chinese Foundry Files For Hong Kong IPO Amid Falling Wafer Prices

Quick Summary:

Under pressure from falling prices, the heavily subsidized maker of advanced wafers for automotive chips is seeking an IPO boost from investors

Key Takeaways: The company's revenue fell 14.4% last year but its net profit rose 36%

Nearly 68% of Epiworld's profit came from government subsidies The global boom in electric cars and solar panels is being driven by high-tech chips that can operate under high temperature and pressure conditions.

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Article Details

Author / Journalist: Bamboo Works

Category: InvestingBusiness

Markets: United StatesChinaHong Kong

Topics: Opinion Asia IPOs Earnings Contributors Benzinga

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-21 @ 12:23:48 (5 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 1022 words

Reading Time: 6 minutes read

Sentences: 47 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28210919

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Main Topics: InvestingBusiness

Official Website: benzinga.com

Year Established: 2010

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

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Publisher ID: #54

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