Chinese semiconductor designers Montage Technology and Axera Semiconductor have filed for initial public offerings on the Hong Kong Stock Exchange, marking significant moves by major Asian tech firms to tap global capital markets amid soaring demand for advanced chips.

Montage is seeking to raise up to HK$7.04 billion, equivalent to about US$902 million, through the sale of approximately 65.9 million shares priced up to HK$106.89 each, positioning its listing for February 9, 2026.

Axera, a specialist in artificial intelligence inference chips, plans to offer about 104.9 million shares at HK$28.20 apiece in a deal expected to raise around HK$2.96 billion, with listing set for February 10, 2026. 

Montage, established in 2004 and based in Shanghai, designs interconnect and memory interface chips widely used in data centres and cloud computing systems.

The proceeds from its Hong Kong listing are expected to support research and development, expand commercial capabilities and pursue strategic investments.

Cornerstone investors such as J.P. Morgan Investment Management, Alibaba Group and other global funds have agreed to long-term allocations in the offering, underscoring confidence in the company’s technology and growth trajectory.

Axera, founded in 2019 and backed by investors including Qiming Venture Partners and Tencent, focuses on visual edge artificial intelligence inference system-on-chip products for real-time on-device applications such as smart cameras, industrial equipment and vehicles.

In its regulatory filing, Axera outlined plans to use IPO proceeds to enhance its technology platform, accelerate product development and broaden sales channels internationally.

While the company reported revenue growth in 2025, it also noted widening net losses, reflecting heavy investment in research and market expansion.

The dual filings come as part of a broader trend of Chinese semiconductor and AI firms turning to Hong Kong’s equity markets to secure funding amid global competition and geopolitical pressures affecting access to technology and capital.

Analysts say these listings highlight both investor appetite for next-generation chip technologies and China’s strategic push to build domestic capabilities.

The moves by Montage and Axera are poised to add momentum to Hong Kong’s IPO pipeline and broaden its role as a financing hub for high-growth technology companies.