New Delhi, Dec. 17 -- China is set to add another billionaire - emerging from a Chinese chipmaker - in its rich list in the span of just a few days.

Chen Weiliang left his career of 14 years nearly half a decade ago, ditching a top executive role at Advanced Micro Devices to run his own chip startup.

That startup - MetaX Integrated Circuits Shanghai Co. - is set to list on Wednesday in Shanghai at a valuation of a massive $5.9 billion. According to Bloomberg Billionaires Index, Chen has 55 million shares in the company that are worth at least 5.8 billion yuan ($824 million) at the offer price.

The 49-year-old's ascent to the cusp of billionaire status follows the arc of Moore Threads Technology Co. founder Zhang Jianzhong - a former Nv...