The rally reflects growing investor enthusiasm for China’s fast-expanding drive to develop home-grown artificial intelligence chips and reduce

Chinese AI chip startup Biren Technology aims to launch a Hong Kong initial public offering in the coming weeks, four sources with knowledge of the matter said.

Chinese chipmaker MetaX Integrated Circuits saw its shares surge by over 600% in its blockbuster debut on Wednesday in Shanghai.

(Yicai) Dec. 5 -- Shares of Moore Threads Technology, which designs graphics processing units and is often called “China’s Nvidia,” surged more than five times when they started trading on the Shanghai stock market today after a CNY8 billion (USD1.1 billion) initial public offering.

Shares of Moore Threads Technology Co, dubbed by analysts as "China's Nvidia", soared on debut in Shanghai on Friday, on bets the U.S.-blacklisted startup will benefit from Beijing's drive to boost domestic chip