HK chip designer seeks IPO

March 16, 2004 – Emboldened by the interest in the upcoming IPO of SMIC, Hong Kong IC designer Solomon Systech is planning to raise $100-$150 million its own IPO in the coming weeks, according to The Standard. The IPO is expected to begin trading on the Hong Kong exchange by early April. Solomon produces chips for mobile phones and LCDs, with 40% of annual sales coming from Motorola.

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