CSMC Technologies Corp (CSMC-Tech) has joined the queue of mainland chipmakers seeking a Hong Kong listing next year, betting a robust recovery in the global semiconductor industry will mean strong demand for its shares. The unit of China Resources Logic (CR Logic) is in discussions with investment banks and preparing for a listing on the main board next year. CR Logic deputy chairman and chief executive Zhu Jinkun said the timing and size of the issue had yet to be determined, although he believed now was the right time to tap the equity markets as the semiconductor industry emerged from a two-year slump. 'We've seen strong signs of a recovery in the semiconductor industry since September. The demand is very strong. Our output can hardly meet our clients' orders even though we're running at full capacity,' Mr Zhu said. 'We see an even bigger recovery for the semiconductor industry next year.' CSMC-Tech plans to more than double production capacity from 23,000 wafers monthly to 50,000 wafers monthly next year. At least three other mainland semiconductor producers plan to list in Hong Kong or overseas. Semiconductor Manufacturing International Corp, China's leading chipmaker, is the front-runner. The firm aims to list its shares in Hong Kong and New York in the first quarter of next year, 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 next year, but the company has not said how much it plans to raise through the Hong Kong listing. Grace Semiconductor Manufacturing Corp has also said it is considering a listing. CR Logic, a sister company of state-owned China Resources Enterprise, is the largest shareholder of CSMC-Tech with a 29.2 per cent stake.