Semight Instruments Co. is considering a second listing in Hong Kong, people familiar with the matter said, after shares of the Chinese maker of test instruments for semiconductors surged roughly 2,200% since their debut in April.

The potential listing would follow a remarkable run for the Shanghai-listed company, whose shares have multiplied more than 22-fold since their initial public offering. Semight specializes in producing test and measurement equipment used in semiconductor manufacturing, a sector that has drawn intense investor interest amid global chip supply chain concerns.

A secondary listing in Hong Kong would provide the company with access to international capital markets and broaden its investor base. The move comes as Chinese technology firms increasingly seek dual listings to mitigate geopolitical risks and diversify funding sources.

Details of the potential offering, including timing and size, haven't been finalized and the company could still decide against proceeding, the people said, asking not to be identified discussing private information.