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AI Chipmaker Biren Taps Market Again in $515 Million Share Sale

Bloomberg Technology Thursday 08 October 2026, 02:46 UTC By Sangmi Cha and Dong Cao 1 min read
Key Points

AI Chipmaker Biren Taps Market Again in $515 Million Share Sale Shanghai Biren Technology Co. aims to raise HK$4.04 billion ($515 million) in another share sale to help bankroll its artificial intelligence ambitions, adding to the fundraising spree from Chinese AI companies. Biren, one of a group of graphics processing unit developers championed by Beijing, is placing 130 million new shares at HK$31.08 apiece, according to a Hong Kong stock exchange filing.

AI Chipmaker Biren Taps Market Again in $515 Million Share Sale Shanghai Biren Technology Co. aims to raise HK$4.04 billion ($515 million) in another share sale to help bankroll its artificial intelligence ambitions, adding to the fundraising spree from Chinese AI companies. Biren, one of a group of graphics processing unit developers championed by Beijing, is placing 130 million new shares at HK$31.08 apiece, according to a Hong Kong stock exchange filing. That represents a nearly 10% discount to Wednesday’s close.
AI Chipmaker (ORG) Biren Taps (PERSON) Shanghai Biren Technology Co. (ORG) Chinese AI (ORG) Beijing (LOCATION) Hong Kong (LOCATION)
Originally published by Bloomberg Technology Read original →

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