Shanghai Hua Hong NEC Electronics, a chipmaker half-owned by Japan's NEC, is trying to revive its long-awaited plan to list in Hong Kong by raising up to

US$300 million in the next quarter,

a source told the South China Morning Post.

The company had planned to raise as much as US$500 million by selling shares in Hong Kong in 2004 and again in 2005 but put the plan off on both occasions because of poor market sentiment and a tight operating environment.

BNP Paribas is sponsoring the share sale. The proceeds will be used for building a new plant.