Chinese microcontroller unit and NOR flash chip maker Zbit Semiconductor went public in Shanghai on Monday, with an estimated market cap of RMB 5.38 billion ($778 million). According to its filing, the firm’s revenue was RMB 576 million and net profit was RMB 132.2 million in 2021. Founded in 2014 in Hefei in eastern China’s Anhui province, Zbit Semiconductor is a fabless chip design firm. The newly-listed company has shipped more than 3.3 billion NOR Flash chips since 2016, according to its website. [Shanghai Stock Exchange announcement, in Chinese]
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