Chinese semiconductor manufacturer CSMC Technologies announced it would seek a Hong Kong listing in 2004.
The company plans to more than double production capacity from 23,000 wafers monthly to 50,000 wafers monthly in the next year.
At least three other mainland semiconductor producers plan to list in Hong Kong or overseas.
Semiconductor Manufacturing International, China's leading chipmaker, aims to list its shares in Hong Kong and New York in the first quarter of 2004, raising between US$750 million and $1 billion.
Hua Hong NEC has hired BNP Paribas to take it to market in the first half of 2004 and Grace Semiconductor Manufacturing has also said it is considering a listing.