Shanghai-based AI chipmaker Biren raises ~$892.5M in a new share sale to boost GPU production; Biren's stock is up 150%+ since its January Hong Kong IPO (Ann Cao/South China Morning Post)

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Biren raised about $892.5 million to expand AI GPU production, strengthening China’s domestic challenge to Nvidia.

Categories: Money & Moves

Excerpt

<a href="https://www.scmp.com/tech/tech-trends/article/3359528/chinas-biren-seeks-us900m-fund-gpu-push-and-challenge-nvidia-amid-ai-boom"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260706/i2.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260706/p2#a260706p2" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Ann Cao / <a href="http://www.scmp.com/">South China Morning Post</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.scmp.com/tech/tech-trends/article/3359528/chinas-biren-seeks-us900m-fund-gpu-push-and-challenge-nvidia-amid-ai-boom">Shanghai-based AI chipmaker Biren raises ~$892.5M in a new share sale to boost GPU production; Biren's stock is up 150%+ since its January Hong Kong IPO</a></b></span>&nbsp; &mdash;&nbsp; Chinese artificial intelligence chipmaking champion Shanghai Biren Technology is raising HK$7 billion (US$892.5 million) &hellip; </p>

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