AI chipmaker Biren projects up to 22-fold revenue surge amid China's hi-tech boom
Chinese AI chipmaker Biren Technology projects that its first-half revenue could surge by up to 2,107% amid the AI hardware boom, joining industry peers such as Hygon Information Technology and Cambricon Technologies in reporting accelerating demand. The Shanghai-based GPU maker, which debuted on the Hong Kong stock exchange in January, estimated first-half 2026 revenue at between 1.15 billion and 1.2 billion yuan.
Shanghai-based AI chipmaker Biren Technology estimates its first-half 2026 revenue could surge by as much as 2,107% compared with a year earlier. The company projects revenue in the range of 1.15 billion to 1.2 billion yuan for the period.
Biren joins domestic peers such as Hygon Information Technology and Cambricon Technologies in reporting accelerating demand for home-grown AI chips. The companies are benefiting from China's continued push to expand domestic graphics processing unit production.
Biren debuted on the Hong Kong stock exchange in January and is looking to build on investor interest following its listing. Analysts said China's drive to boost domestic AI hardware output is likely to keep reshaping competition across the sector.
Read next
Coles and Woolworths test facial recognition technology
Australian supermarket giants Coles and Woolworths have begun testing facial recognition technology in a number of stores. The system captures customers' faces and matches their features against databases to identify repeat violent offenders. The rollout has sparked debate over privacy and how the data will be secured.
What Nvidia's $500 billion Wall Street deal signals about the AI boom
Anthropic IPO valuation hinges on $190-200 billion 2028 revenue forecast, sources say
Nvidia eyes $3 billion investment in SoftBank's SB Energy under OpenAI data center deal
