SHANGHAI -- Chinese chipmaker Hygon Information Technology debuted Friday on the market here for technology startups at almost double its initial public offering price, giving it a market capitalization of 139.6 billion yuan ($20.7 billion).
Markets
China chipmaker Hygon makes strong debut on Shanghai startup market
Fabless company's market cap reaches $20bn with stock doubling from offering price
Hygon makes high-end processors based on Intel technology, but is grappling with U.S. sanctions. (Photo courtesy of Hygon)
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