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China’s AI chipmaker Biren tumbles 12% as it seeks US$510 million in share placement

Shares of artificial intelligence chipmaker Shanghai Biren Technology tumbled more than 12 per cent in Hong Kong on Thursday amid plans to raise HK$4 billion (US$510 million) through a share placement, as competition with other Chinese Nvidia challengers intensifies. The sell-off followed a stock e…

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  1. 2026-10-08 08:31 · South China Morning Post Tech
    China’s AI chipmaker Biren tumbles 12% as it seeks US$510 million in share placement

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