https://www.scmp.com/rss/525131/feed MetaX is a Shanghai-based producer of general-purpose graphics processing units (GPUs) used for artificial intelligence. It was established in 2020 by former employees of AMD. MetaX's MXN series of GPUs are used for AI inference, the MXC series is used for AI trading and general computing, while the MXG series is used for graphics rendering. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Ben Jiang Ben Jiang Chinese chip designers from Cambricon Technologies and Moore Threads Technology to MetaX Integrated Circuits posted stellar earnings on Friday, driven by growing demand for domestic semiconductors amid Beijing’s tech-sufficiency push. Beijing-based Cambricon, seen as a local alternative to US chip giant Nvidia, reported a net profit of 2.06 billion yuan (US$301 million) for 2025, its first full-year profit since listing in 2020, according to a filing to the Shanghai Stock Exchange. Revenue for... https://www.scmp.com/tech/article/3344927/chinese-chip-firms-cambricon-moore-threads-post-sales-jump-surging-domestic-demand?utm_source=rss_feed https://www.scmp.com/tech/article/3344927/chinese-chip-firms-cambricon-moore-threads-post-sales-jump-surging-domestic-demand?utm_source=rss_feed Fri, 27 Feb 2026 14:26:21 +0000 Wency Chen Wency Chen Artificial intelligence chip designer Enflame Technology on Wednesday entered the inquiry stage of its initial public offering, moving a step closer to joining a string of high-profile semiconductor sector listings on the Shanghai Stock Exchange’s technology-focused Star Market. The listing of the Shanghai-based unicorn is the next closely watched chip offering, as investor appetite for domestic AI chipmakers remains strong. In this explainer, the South China Morning Post examines the next steps... https://www.scmp.com/tech/article/3343336/will-chinese-ai-chip-designer-enflames-shanghai-ipo-be-another-blockbuster?utm_source=rss_feed https://www.scmp.com/tech/article/3343336/will-chinese-ai-chip-designer-enflames-shanghai-ipo-be-another-blockbuster?utm_source=rss_feed Fri, 13 Feb 2026 00:00:20 +0000 Coco Feng Coco Feng Enterprises across China’s semiconductor industry recorded hefty profit growth last year, according to their unaudited financial results, driven by the country’s artificial intelligence infrastructure buildout and Beijing’s push for tech self-reliance. Graphics processing unit (GPU) designer Cambricon Technologies on Friday reported a net profit of 2.2 billion yuan (US$316 million) in 2025, its first profitable year, on the back of “the continuous rise in computing power demand within the AI... https://www.scmp.com/tech/tech-trends/article/3341834/chinas-semiconductor-firms-post-hefty-2025-profits-amid-ai-boom-tech-self-reliance-drive?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3341834/chinas-semiconductor-firms-post-hefty-2025-profits-amid-ai-boom-tech-self-reliance-drive?utm_source=rss_feed Sat, 31 Jan 2026 06:00:19 +0000 Ann Cao Ann Cao The plans of Alibaba Group Holding and Baidu to list their semiconductor design units could intensify competition with other domestic artificial intelligence chip developers to unseat Nvidia as the country’s top supplier of high-performance AI processors, according to analysts. The two Chinese internet peers’ initiatives reflected the strong investor appetite for AI chip firms and growing demand for alternative computing resources in the domestic AI sector, as Beijing pushed for greater... https://www.scmp.com/tech/big-tech/article/3341048/alibaba-baidus-ipo-plans-ai-chip-design-units-heighten-chinas-self-reliance-drive?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3341048/alibaba-baidus-ipo-plans-ai-chip-design-units-heighten-chinas-self-reliance-drive?utm_source=rss_feed Sat, 24 Jan 2026 03:00:17 +0000 Ann Cao Ann Cao Moore Threads, one of China’s artificial intelligence chip champions, expects to report a tripling of revenue for 2025, reflecting how local semiconductor firms are expanding rapidly amid Beijing’s push for self-sufficiency. The company, founded in 2020 by Nvidia’s former China head Zhang Jianzhong, said it expected revenue to land between 1.45 billion yuan (US$208 million) and 1.52 billion yuan after surging between 231 per cent and 247 per cent compared with 2024, according to a stock exchange... https://www.scmp.com/tech/big-tech/article/3340836/chinese-ai-chipmaker-moore-threads-sees-tripling-revenue-amid-self-sufficiency-push?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3340836/chinese-ai-chipmaker-moore-threads-sees-tripling-revenue-amid-self-sufficiency-push?utm_source=rss_feed Thu, 22 Jan 2026 10:30:09 +0000 Zhang Shidong,Daniel Ren Zhang Shidong,Daniel Ren The valuation expansion that elevated Chinese stocks to world-leading gains last year will continue to galvanize equity financing by artificial intelligence companies in 2026 after a slew of eye-popping listings by key players, according to analysts. More AI players will capitalise on the rich valuations of mainland China’s technology boards to raise funds to drive research and expansion, as China and the US compete for dominance in the world’s cutting-edge technologies. After a solid run in... https://www.scmp.com/business/china-business/article/3339859/chinas-valuation-driven-stock-rally-ai-optimism-stretch-fundraising-frenzy-2026?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3339859/chinas-valuation-driven-stock-rally-ai-optimism-stretch-fundraising-frenzy-2026?utm_source=rss_feed Wed, 14 Jan 2026 08:18:19 +0000 Themis Qi Themis Qi Chinese artificial intelligence firm Zhipu AI kicked off a share sale on Tuesday to raise HK$4.35 billion (US$560 million), moving closer to becoming the first large language model (LLM) developer listed in Hong Kong amid a surge of technology initial public offerings (IPOs). The start-up, officially known as Knowledge Atlas Technology and marketed overseas as Z.ai, set its offer price at HK$116.20 for more than 37 million shares, with 10 per cent allocated to retail investors. The company plans... https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3338107/chinas-zhipu-ai-launches-us560-million-share-sale-hong-kongs-ipo-tech-race-heats?utm_source=rss_feed https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3338107/chinas-zhipu-ai-launches-us560-million-share-sale-hong-kongs-ipo-tech-race-heats?utm_source=rss_feed Tue, 30 Dec 2025 05:00:11 +0000 Aileen Chuang Aileen Chuang Shanghai Biren Technology has started bookbuilding for its Hong Kong initial public offering (IPO), aiming to raise up to HK$4.85 billion (US$624 million), as Chinese chipmakers rush to list amid rising investor interest. Biren, the mainland’s first graphics processing unit (GPU) developer to go public in Hong Kong, will start trading on January 2 – becoming the first new listing of 2026. The firm was offering 247.7 million shares between HK$17 and HK$19.60 each, according to its exchange filing... https://www.scmp.com/business/banking-finance/article/3337272/chinese-ai-chipmaker-biren-kicks-bookbuilding-us624-million-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3337272/chinese-ai-chipmaker-biren-kicks-bookbuilding-us624-million-hong-kong-ipo?utm_source=rss_feed Mon, 22 Dec 2025 04:29:32 +0000 Vincent Chow Vincent Chow Chinese artificial intelligence pioneer SenseTime has open-sourced a “world model” and kicked off its foray into the burgeoning field of embodied intelligence by releasing its first robotic dogs. The Hong Kong-listed AI firm’s new venture, Ace Robotics, on Thursday released Kairos 3.0, an open-source model that simulates the physical world, and a developer platform called “KaiWu” that supports embodied intelligence applications. “Ace Robotics will promote the large-scale commercialisation of... https://www.scmp.com/tech/tech-trends/article/3336956/sensetime-pushes-open-source-ai-model-provide-smart-brain-every-robot?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3336956/sensetime-pushes-open-source-ai-model-provide-smart-brain-every-robot?utm_source=rss_feed Thu, 18 Dec 2025 13:30:16 +0000 Zhang Shidong Zhang Shidong MetaX Integrated Circuits soared on its trading debut in Shanghai as investors piled into the second Chinese producer of graphics processing units (GPUs) to go public this month amid optimism about China’s push for self-sufficiency in semiconductors and artificial intelligence. The shares of the Shanghai-based company surged 693 per cent from the offer price to 829.90 yuan at the close on Wednesday on the technology-heavy Star Market, making the five-year-old company the third-best performing... https://www.scmp.com/business/china-business/article/3336690/metax-soars-frenzied-debut-traders-snap-second-chinese-gpu-maker-go-public?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3336690/metax-soars-frenzied-debut-traders-snap-second-chinese-gpu-maker-go-public?utm_source=rss_feed Wed, 17 Dec 2025 01:28:14 +0000 Ann Cao Ann Cao Beijing has greenlit Biren Technology’s initial public offering (IPO) in Hong Kong, as more Chinese artificial intelligence chip designers rush to go public amid heightened investor interest in these stocks. Biren, which designs high-performance graphics processing units (GPUs), received regulatory approval to list on the Hong Kong stock exchange, according to a China Securities Regulatory Commission filing on Monday. This was expected to put the company on track to become the first GPU... https://www.scmp.com/tech/tech-trends/article/3336658/biren-technologys-hong-kong-ipo-gets-green-light-chinas-ai-chip-firms-rush-list?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3336658/biren-technologys-hong-kong-ipo-gets-green-light-chinas-ai-chip-firms-rush-list?utm_source=rss_feed Tue, 16 Dec 2025 11:01:33 +0000 Wency Chen,Themis Qi Wency Chen,Themis Qi Chinese artificial intelligence chip designer MetaX Integrated Circuits will make its trading debut in Shanghai on Wednesday, according to a filing late on Monday, more than a week after industry peer Moore Threads Technology’s stellar listing on the city’s Star Market. Founded in Shanghai in September 2020 by former engineers at Advanced Micro Devices, MetaX priced its initial public offering at 104.66 yuan per share, which was expected to raise 4.2 billion yuan (US$596 million) from the sale... https://www.scmp.com/tech/tech-trends/article/3336611/metax-set-shanghai-debut-amid-market-frenzy-over-ai-chip-stocks-nvidia-uncertainty?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3336611/metax-set-shanghai-debut-amid-market-frenzy-over-ai-chip-stocks-nvidia-uncertainty?utm_source=rss_feed Tue, 16 Dec 2025 10:00:18 +0000 Themis Qi Themis Qi China’s artificial intelligence still needs to improve in six aspects, from ecosystem to funding, but the emergence of DeepSeek has significantly boosted the sector’s confidence in overcoming US restrictions, according to a mainland venture capital firm. China and the US were the two top players in global AI development, with the former leading in humanoid robotics and open-source large language models, according to Zhou Qi, managing partner of GSR United Capital, which focuses on early-stage... https://www.scmp.com/business/china-business/article/3336241/chinas-ai-sector-poised-growth-despite-us-tech-restrictions-venture-capitalist-says?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3336241/chinas-ai-sector-poised-growth-despite-us-tech-restrictions-venture-capitalist-says?utm_source=rss_feed Mon, 15 Dec 2025 01:30:09 +0000 Ann Cao Ann Cao Shanghai-based chip firm MetaX Integrated Circuits has emerged as the latest star in mainland China’s stock market, with the graphics processing unit (GPU) maker proving to be even more popular among retail investors than peer Moore Threads ahead of its trading debut. MetaX attracted 5.17 million retail investors for its online subscription, giving it a final allotment rate of 0.033 per cent, according to a stock exchange filing on Monday. Beijing-based Moore Threads drew 4.82 million retail... https://www.scmp.com/tech/big-tech/article/3335630/chinas-fever-ai-chip-stocks-persists-metax-draws-more-investors-moore-threads?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3335630/chinas-fever-ai-chip-stocks-persists-metax-draws-more-investors-moore-threads?utm_source=rss_feed Mon, 08 Dec 2025 11:30:08 +0000 Iris Deng Iris Deng China’s Nvidia challengers Moore Threads and MetaX are set for their hotly anticipated market debuts, driven by investor excitement over domestic demand for home-grown graphics processing units (GPUs) amid Beijing’s tech self-sufficiency drive. Beijing-based GPU maker Moore Threads, which was 4,000 times oversubscribed after launching its 8 billion yuan (US$1.13 billion) initial public offering (IPO) last week, will be listed on Shanghai’s Nasdaq-style Star Market on Friday, according to a... https://www.scmp.com/tech/big-tech/article/3335192/chinas-nvidia-challengers-set-bumper-ipos-amid-tech-self-sufficiency-drive?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3335192/chinas-nvidia-challengers-set-bumper-ipos-amid-tech-self-sufficiency-drive?utm_source=rss_feed Thu, 04 Dec 2025 11:00:12 +0000 Wency Chen Wency Chen Shanghai-based artificial intelligence chip start-up MetaX has stepped into the spotlight after winning approval last week from Shanghai’s exchange to list on the city’s Nasdaq-style Star Market, underscoring both China’s accelerating AI investment and its potential to challenge US chip giant Nvidia. Known in Chinese as Muxi, MetaX was founded in 2020 by three veterans of US chipmaker Advanced Micro Devices (AMD) – chairman Chen Weiliang and co-chief technology officers Peng Li and Yang Jian.... https://www.scmp.com/tech/big-tech/article/3330511/meet-metax-chinese-ai-chip-hopeful-challenging-nvidias-dominance?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3330511/meet-metax-chinese-ai-chip-hopeful-challenging-nvidias-dominance?utm_source=rss_feed Tue, 28 Oct 2025 01:00:15 +0000 Ling Xin Ling Xin A Chinese team has unveiled what it calls the world’s first “brain-like” large language model – an artificial intelligence system designed to use less energy, perform better and operate without Nvidia chips. Developed by researchers at the Chinese Academy of Sciences’ Institute of Automation in Beijing, SpikingBrain 1.0 mimics how the human brain fires only the neurons it needs. So instead of activating an entire network like ChatGPT and other mainstream AI tools, it selectively responds to... https://www.scmp.com/news/china/science/article/3324851/brain-ai-said-run-100-times-faster-ultra-long-tasks-using-chinese-chips?utm_source=rss_feed https://www.scmp.com/news/china/science/article/3324851/brain-ai-said-run-100-times-faster-ultra-long-tasks-using-chinese-chips?utm_source=rss_feed Tue, 09 Sep 2025 22:00:08 +0000 Ann Cao Ann Cao Speculation is swirling across the semiconductor industry after artificial intelligence firm DeepSeek recently suggested that China’s next-generation AI chips will soon be released. The Hangzhou-based start-up’s cryptic one-line post on WeChat triggered online discussions about which AI chip supplier, or suppliers, would unveil this breakthrough, even as US tech restrictions remain in place. They include Huawei Technologies, Cambricon Technologies, Moore Threads, Hygon Information Technology and... https://www.scmp.com/tech/tech-trends/article/3322864/tech-war-which-chinese-firm-supplying-next-generation-ai-chips-deepseek?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3322864/tech-war-which-chinese-firm-supplying-next-generation-ai-chips-deepseek?utm_source=rss_feed Fri, 22 Aug 2025 13:00:17 +0000