Tencent-backed Enflame wins approval for an $888m IPO, the last of China’s ‘four AI chip dragons’
The Enflame IPO is on. Shanghai Enflame Technology, an AI-chip startup backed by Tencent, has won listing-committee approval to raise about 6 billion yuan ($888m) on the Shanghai Stock Exchange’s STAR board, according to Bloomberg. It is the last of China’s “four little dragons,” the cohort of homegrown AI chipmakers Beijing is counting on to […] This story continues at The Next Web
Shanghai Enflame Technology, an AI chip company supported by Tencent, has received approval to raise 6 billion yuan on the Shanghai Stock Exchange's STAR board. This marks the final approval among China's 'four AI chip dragons'. The company aims to expand its presence in the AI chip market. The IPO is expected to boost the company's growth and innovation. Enflame is part of a group of AI chipmakers that China is focusing on. The approval highlights the growing importance of AI technology in the region. This development is a significant step for the company and the industry.
The approval signifies a major milestone for Enflame and highlights the increasing focus on AI technology in China.
📌 Kaynak
Bu özet World kaynağından otomatik derlenmiştir. Tamamı için orijinal habere gidin.
Orijinal haberi oku →