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Lingjie Xu

Lingjie Xu

Co-Founder and Former President, Biren Technology

Appears in 1 story

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China's $300 billion chip independence gamble

New Capabilities

Resigned January 2024, launched new AI chip stealth startup

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