Tech pivot: Chinese AI, chip start-ups court global investors with Hong Kong listing plans

Core Insights - Chinese artificial intelligence and semiconductor companies are increasingly turning to Hong Kong for fundraising, following successful onshore debuts of GPU developers [1][5] Group 1: Market Trends - GigaDevice Semiconductor is closer to its Hong Kong IPO after passing a listing hearing, with plans to reactivate its application [2] - Companies like MiniMax and Zhipu AI, referred to as the "new AI tigers of China," are joining the fundraising rush alongside Montage Technology and others [3] Group 2: Fundraising Goals - GigaDevice and Montage aim to raise up to US$1 billion from their Hong Kong listings as early as January [5] - Biren Technology is seeking to raise approximately US$600 million through its IPO [6] - Montage plans to issue up to 130.2 million ordinary overseas shares for its secondary Hong Kong listing [6] Group 3: Strategic Objectives - OmniVision intends to use proceeds from its Hong Kong listing to recruit and retain R&D talent, build R&D facilities, and expand in global markets [7]