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"China's ASML" Xinkailai Valued at $11 Billion; Huawei Denies Any Connection
2025-05-14 /
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Author：小编
Xinkailai (SiCarrier), often referred to as "China's ASML," is embarking on its first round of financing, aiming to raise up to $2.8 billion, pushing the company's valuation to a staggering $11 billion. The Shenzhen municipal government plans to offload approximately 25% of the shares in a Xinkailai subsidiary, estimated to be worth roughly RMB 80 billion (approximately $11 billion), and has indicated that the financing process could conclude within the coming weeks. Notably, the assets being divested do not encompass Xinkailai's lithography business.
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