All articles tagged with #biren technology
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.
Chinese AI chip startup Biren Technology plans to launch a Hong Kong IPO in the coming weeks, aiming to raise around $300 million, as part of China's push to develop domestic semiconductor champions amid US export restrictions. The company, valued at about $2 billion, is seeking to expand its funding and market presence, following successful industry peer offerings.