Biren Technology's Hong Kong IPO Sparks AI Chip Stock Surge

1 min read
Source: Yahoo Finance
Biren Technology's Hong Kong IPO Sparks AI Chip Stock Surge
Photo: Yahoo Finance
TL;DR Summary

Shanghai Biren Technology's shares more than doubled on their Hong Kong debut, raising HK$5.58 billion, amid a wave of AI and chip offerings in China driven by government support and efforts to reduce reliance on U.S. technology exports.

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