Defying chip slump, Socionext records Japan's biggest IPO this year

Defying chip slump, Socionext records Japan's biggest IPO this year

A visiter watches a 8K TV screen at Socionext booth, the Panasonic-Fujitsu SoC joint venture corporation, during the annual Computex computer exhibition in Taipei, Taiwan June 1, 2016. REUTERS/Tyrone Siu/File Photo

Making its market debut on Wednesday, Japan’s Socionext Inc bucked softening sentiment toward chips by surging 15% in Tokyo’s biggest initial public offering of the year so far.

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