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Iluvatar CoreX

Iluvatar CoreX

Fabless GPU Company

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China's $300 billion chip independence gamble

New Capabilities

Completed Hong Kong IPO January 2026, announcing 2026-2028 roadmap targeting H200/B200 performance

Biren Technology's shares surged 76% on January 2, 2026, raising $717 million in Hong Kongβ€”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