Reported 27 days ago
Two leading Chinese AI chip manufacturers, Enflame Technology and Biren Intelligent Technology, are preparing for initial public offerings in Shanghai, aiming to raise substantial funds. With the growing domestic demand and geopolitical challenges, both companies seek to establish themselves as credible competitors to Nvidia in the AI space. Supported by significant investors including Tencent, they plan to file for IPOs this year, targeting to debut by 2024 or early 2025.
Source: YAHOO