Axera, a Chinese edge AI chip manufacturer backed by Qiming Venture Partners, successfully completed its IPO on the Hong Kong Stock Exchange on February 10, 2026, issuing shares at HK$28.2 and achieving a market capitalization of HK$16.58 billion, marking a significant milestone in the AI chip industry.

Information on the target

Axera, a portfolio company of Qiming Venture Partners, is a pioneering Chinese edge AI chip manufacturer that successfully listed on the Hong Kong Stock Exchange on February 10th, 2026. This landmark event marked Axera as the first company of its kind to go public, issuing shares at a price of HK$28.2 per share and achieving a market capitalization of HK$16.58 billion. Founded in May 2019, Axera is dedicated to developing world-class AI perception and edge computing chips tailored for various markets, including intelligent vehicles and edge computing applications.

The company employs a strategy of "general technology and customized chips," leveraging its proprietary core technologies such as AXProton AI-ISP and AXNeutron NPU. Axera has successfully commercialized multiple generations of chips, establishing a strong presence in visual terminal computing, intelligent vehicles, and AI inference applications, thereby solidifying its position as a leader in key markets.

Industry overview in the target’s specific country

The edge AI chip industry in China has experienced significant growth, driven by the rapid advancement of artificial intelligence technologies and increasing demand across various sectors. As of 2024, Axera has emerged as one of the top five global suppliers of visual edge A