{"id":96230,"date":"2026-07-06T09:49:17","date_gmt":"2026-07-06T09:49:17","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/96230\/"},"modified":"2026-07-06T09:49:17","modified_gmt":"2026-07-06T09:49:17","slug":"chinas-biren-seeks-us900m-to-fund-gpu-push-and-challenge-nvidia-amid-ai-boom","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/96230\/","title":{"rendered":"China\u2019s Biren seeks US$900m to fund GPU push and challenge Nvidia amid AI boom"},"content":{"rendered":"

Chinese artificial intelligence chipmaking champion Shanghai Biren Technology is raising HK$7 billion (US$892.5 million) to boost production of its graphics processing units (GPUs), joining a fierce domestic battle to capture Nvidia\u2019s market share in the country amid a global AI boom.<\/p>\n

The company, which went public in Hong Kong in January,<\/a> announced that it would issue 153 million new shares at HK$46.2 each, representing a 9.9 per cent discount to the stock\u2019s closing price of HK$51.3 last Friday, according to a stock exchange filing on Sunday.<\/p>\n

\u201cCustomers such as cloud service providers, AI data centres and enterprise customers are substantially expanding their AI computing deployments,\u201d the company said in the filing.<\/p>\n

\u201cFacing robust customers\u2019 demand, the company takes the view that it is essential to maintain adequate capital to ramp up the production of the company\u2019s next-generation [general purpose] GPU solutions in order to ensure timely fulfilment of orders,\u201d it added.<\/p>\n

Shares of Biren rose over 2 per cent in early trading before closing 5.4 per cent lower on Monday. The stock has surged nearly 150 per cent since its initial public offering (IPO).<\/p>\n

\"AA Biren Technology BR100 graphics processing unit. Photo: Handout<\/p>\n

The aggressive pace of fundraising comes as skyrocketing chip demand from China\u2019s massive AI data centre buildout has sparked a race among local AI chip developers to scale up production.<\/p>\n","protected":false},"excerpt":{"rendered":"Chinese artificial intelligence chipmaking champion Shanghai Biren Technology is raising HK$7 billion (US$892.5 million) to boost production of…\n","protected":false},"author":2,"featured_media":96231,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[24,25,2817,927,387,2700,47103,50283,931,58,4516,50284,33026,2187],"class_list":["post-96230","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ai","tag-ai","tag-artificial-intelligence","tag-baidu","tag-cambricon","tag-china","tag-hong-kong","tag-kunlunxin","tag-metax","tag-moore-threads","tag-nvidia","tag-shanghai","tag-shanghai-biren-technology","tag-star-market","tag-washington"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/96230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=96230"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/96230\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/96231"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=96230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=96230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=96230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}