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:…
China’s AI push propels chipmaker Biren toward breakeven
The producer of GPUs for AI applications has flagged up a more than 18-fold leap in revenue and a sharply reduced loss, as it starts to capture economies of scale…
Iluvatar earns paper profit, as its core GPU business stays stuck in the red
The company forecast a move to the black in the first half of the year, but investors are still waiting for its core inference GPU business to become profitable Key…
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…
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…
Moore Threads taps China IPO investors as it faces challenges, opportunities
The GPU maker hopes to benefit from China’s drive to develop its domestic chip industry, as it navigates growing obstacles from U.S. sanctions Key Takeaways: Moore Threads has filed for…
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