Biren announces $518 million share placement
AI general-purpose graphics processing unit (GPGPU) supplier Shanghai Biren Technology Co. Ltd. (6082.HK) on Thursday announced a new share placement to raise HK$4.04 billion ($518 million). Combined with a previous…
Moore Threads returns to IPO funding trough to finance its GPU ambitions
The company is planning a Hong Kong listing, just nine months after its Shanghai trading debut, aiming to expand its financing capabilities during a period of rapid growth Key Takeaways:…
Alibaba eyes sky-high chip valuations with T-Head spinoff plan
China’s leading e-commerce company is reportedly considering a spinoff and separate listing for its chip-making unit, following a similar plan by Baidu Key Takeaways: Alibaba is reportedly weighing a plan…
BRIEF: GPU maker Biren Technology soars in Hong Kong trading debut
Shares of AI chipmaker Shanghai Biren Technology Co. Ltd. (6082.HK) opened up 82% at HK$35.70 in their Hong Kong trading debut on Friday, closing up 73% at HK$33.88 by the…
Hong Kong chip frenzy enters AI lane with Iluvatar IPO
The maker of general purpose GPUs used in AI computing has made its first public filing and passed its listing hearing for a Hong Kong IPO that could raise around…
BRIEF: Biren Technology gets CSRC nod for Hong Kong IPO
AI chipmaker Shanghai Biren Intelligent Technology Co. has been approved by China’s securities regulator to list in Hong Kong, according to the approval notice published by the China Securities Regulatory…
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