Huawei’s venture capital arm Hubble Technologies is in line for an exit less than nine months after it invested in fabless semiconductor maker 3Peak.

3Peak, a China-based fabless semiconductor manufacturer backed by telecommunications equipment producer Huawei, is targeting RMB2.31bn ($339m) in its initial public offering, DealStreetAsia reported today. The company will issue 20 million shares on the Shanghai Stock Exchange’s Star Market priced at $16.93 each. Founded in 2012, 3Peak produces chips such as audio line drivers – which…

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