Memory Semiconductor Manufacturer
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Pursuing $4.2B IPO to fund HBM3 mass production by end-2026
Biren Technology's shares surged 76% on January 2, 2026, raising $717 million in Hong Kong—the first GPU chipmaker to list this year. Despite losing $1.6 billion annually and facing US export bans, investors oversubscribed 2,348 times; rivals Moore Threads and MetaX followed with Shanghai IPOs that surged 400% and 700%.
Updated May 19
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