China’s Biren seeks US$900m to fund GPU push and challenge Nvidia amid AI boom
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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. The company, which went public in Hong Kong in January, announced that it would issue 153 million new shares at HK