Birun Technology successfully launched its IPO on the Hong Kong Stock Exchange, establishing itself as the first GPU company to go public in the region, with significant implications for the Chinese AI industry.

Target Company Information

Founded in 2019, Birun Technology is a leading domestic provider of general-purpose intelligent computing solutions in China. The company is committed to original core architecture and has pioneered high-performance Chiplet-based chips, establishing a robust technological framework that integrates software and hardware innovation. Birun aims to create a comprehensive ecosystem for the domestic intelligent computing industry, positioning itself as a critical driver of China's artificial intelligence (AI) sector.

Birun Technology has successfully developed its first-generation General-Purpose Graphics Processing Unit (GPGPU) architecture, along with a range of hardware products. Notably, the company has launched the Birun 106 and Birun 110 chip products, as well as the higher-performing Birun 166 chip. These chips find applications in several key industries, including AI data centers, telecommunications, energy and utilities, fintech, and the internet.

Industry Overview in China

The Chinese AI industry has seen rapid growth and a significant increase in investment over the past few years, making it one of the fastest-growing sectors in the global technology landscape. The Chinese government is heavily promoting AI developmen