Empyrean Technology, a Beijing-based developer of chip design software, has received approval for an IPO in Shenzhen. Photo: Shutterstock
Empyrean Technology, a Beijing-based developer of chip design software, has received approval for an IPO in Shenzhen. Photo: Shutterstock

Chinese firm aiming to break US dominance in chip design software gets IPO approval at home

  • A successful initial public offering could help Empyrean Technology raise more than US$380 million, the firm says
  • The company aims to become a global leader in EDA software by 2030, in a market currently led by US firms Cadence, Synopsis and Mentor Graphics

Empyrean Technology, a Beijing-based developer of chip design software, has received approval for an IPO in Shenzhen. Photo: Shutterstock
Empyrean Technology, a Beijing-based developer of chip design software, has received approval for an IPO in Shenzhen. Photo: Shutterstock
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