{"id":22822,"date":"2026-07-06T09:29:57","date_gmt":"2026-07-06T09:29:57","guid":{"rendered":"https:\/\/jobuzo.com\/en\/chinas-biren-seeks-us900m-to-fund-gpu-push-and-challenge-nvidia\/"},"modified":"2026-07-06T09:29:57","modified_gmt":"2026-07-06T09:29:57","slug":"chinas-biren-seeks-us900m-to-fund-gpu-push-and-challenge-nvidia","status":"publish","type":"post","link":"https:\/\/jobuzo.com\/en\/chinas-biren-seeks-us900m-to-fund-gpu-push-and-challenge-nvidia\/","title":{"rendered":"China\u2019s Biren seeks US$900m to fund GPU push and challenge Nvidia"},"content":{"rendered":"
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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’s market share in the country amid a global AI boom.<\/p>\n

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

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

“Facing robust customers’ demand, the company takes the view that it is essential to maintain adequate capital to ramp up the production of the company’s next-generation [general purpose] GPU solutions in order to ensure timely fulfilment of orders,” 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

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A Biren Technology BR100 graphics processing unit. Photo: Handout<\/figcaption><\/figure>\n<\/div>\n<\/div>\n

The aggressive pace of fundraising comes as skyrocketing chip demand from China’s massive AI data centre buildout has sparked a race among local AI chip developers to scale up production.<\/p>\n<\/div>\n

China’s Biren seeks US$900m to fund GPU push and challenge Nvidia<\/sub><\/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 its graphics processing units (GPUs), joining a fierce domestic battle to capture Nvidia’s market share in the country amid a global AI boom. The company, which went public in Hong Kong in January, announced that it would…<\/p>\n

Read More “China\u2019s Biren seeks US$900m to fund GPU push and challenge Nvidia”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":22823,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/22822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/comments?post=22822"}],"version-history":[{"count":0,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/posts\/22822\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media\/22823"}],"wp:attachment":[{"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/media?parent=22822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/categories?post=22822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobuzo.com\/en\/wp-json\/wp\/v2\/tags?post=22822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}