Author: Bao Yonggang | Editor: Liu Wei With CNY 50 million on the table, Dr. Zhang ultimately decided not to start his own company. He had just left an acquired firm when he encountered a new wave of chip startups. A prominent VC was willing to provide CNY 50 million for him to assemble a team and serve as CEO. Dr. Zhang frequently met with investors and scouted for core members; the project had already reached the launch stage. Soon after, he stopped. After speaking with investors and others in
November 11, 2026
Author | ZeR0 Editor | Moying XinDongXi reported on November 10 that Denglin Technology, a Suzhou-based general-purpose GPU (GPGPU) company in Jiangsu, has officially listed on the Hong Kong Stock Exchange. The offer price for Denglin Technology was HKD 231.00 per share (approximately CNY 196.50). At today's open, the stock fell by 0.87% to HKD 229.00 per share (approximately CNY 194.80). By 9:45 AM, its share price had dropped as much as 5.97% to HKD 217.20 per share (approximately CNY 184.76),
November 11, 2026
On the evening of November 10, Alibaba issued an announcement officially initiating the process to spin off its wholly-owned subsidiary, T-Head (Shanghai) Technology Co., Ltd., for an independent listing on the Main Board of the Hong Kong Stock Exchange. The announcement stated that the HKEX has confirmed Alibaba can proceed with this spin-off, and T-Head submitted a confidential A1 listing application form on September 11, 2026. Upon completion of the spin-off, T-Head is expected to remain a su
November 11, 2026
According to LightSource Capital, ICY Tech has completed a Pre-A+ funding round worth hundreds of millions of yuan. In addition to financial investors, this round introduced leading domestic GPU companies and leading robotics companies. The entry of these industrial shareholders implies that ICY Tech may enter the stages of product validation, joint testing, and commercialization earlier. Founded in 2023, ICY Tech's core team comes from the Applied Magnetism Center at Peking University. The comp
November 9, 2026
Xindongxi reported on November 4 that, according to Qiming Venture Partners, Beijing-based intelligent video chip company Transtreams recently completed a Series B financing round of CNY 1 billion. According to the corporate information platform Qichacha, this round was jointly led by Qiming Venture Partners, Zhaohui Capital, and Yizhuang Industrial Investment, with follow-on investments from CDH BaiFu, Jinduo Investment, Haitong Kaiyuan, and other institutions. Existing shareholders such as Shu
November 6, 2026
GPU cluster inference hits a performance bottleneck; brain-inspired chips step in to "turbocharge" it! Just now, the domestic brain-inspired super node has reached new heights, offering a new solution for cost reduction and efficiency improvement in domestic computing power. Zhidongxi reported on November 4 that at the 2026 World Internet Conference held from November 2 to November 5, the "Internet Light" Expo unveiled ten premier debut achievements. The "Brain-inspired Super Node for High-Perfo
November 5, 2026
Kuaishou-affiliated AI chip company Transtreams recently completed a CNY 1 billion Series B financing round. The round was jointly led by Yizhuang State Investment's Yitang Shenghe Fund, Qiming Venture Partners, and Zhaohui Capital, with participation from industrial capital including Shixi Capital, Loongson Venture Capital, and Anhui Cultural Tourism Investment. Existing shareholders such as Shunxi Fund, Tsinghua Unigroup (Shuimu Investment Group), and Jiuzhi Capital continued to increase their
November 5, 2026
Author: Peng Cheng As 2026 draws to a close, the narrative tone of domestic AI chips has undergone a critical shift. In recent years, the industry repeatedly asked, "Can it be used?" and "Is it safe to use?" Now, the questions have changed to "Is it worth using?" and whether next-generation large models dare to bet on them. The change first occurred on the inference side, but the true watershed moment appeared on the training side. Positive signals emerged almost simultaneously from both routes,
November 5, 2026
The global semiconductor industry is entering an unprecedented super-growth cycle, with the market size surpassing the trillion-dollar mark. In this profound transformation triggered by the explosion of AI computing power, the slowdown of Moore's Law has shifted the main battlefield of technological competition from "process miniaturization" to "system integration," and from single chips to full-chain collaboration from "chip to system." On October 30, the 2026 Xpeedic User Ecosystem Conference,
November 4, 2026
Today, Moffett Artificial Intelligence (hereinafter referred to as "Moffett AI") announced the completion of a C+ round funding of nearly CNY 1 billion. This round was jointly participated in by industrial investors such as Renai Capital, Haitang Fund, and Dongheng Petroleum, as well as prominent state-owned capital and financial investment institutions including Qiu Capital, Paramount Capital, and Zhongcai Capital. It is reported that the funds raised will be invested in the full-stack upgrade
November 4, 2026
By the end of October 2026, all 76 chip design and related semiconductor companies listed on the SSE STAR Market had released their Q3 2026 financial reports. If summarized in one sentence, the overall picture is this: Building on the sustained high prosperity driven by the global AI wave and domestic supply chain autonomy in recent years, China's chip design industry has fully transitioned from an earlier phase of "high-intensity R&D investment and capacity ramp-up" to a new stage of "large
November 4, 2026
Author | ZeR0 Editor | Moying A domestic GPU cluster with zero NVIDIA content has just delivered a "major result." According to ChipInsider's report on November 2, on Saturday, Moore Threads, a leading domestic GPU company, announced a strategic partnership with the Wuxi Huishan Investment Promotion Group and Neolix, a top-tier L4 autonomous driving unmanned vehicle enterprise. Neolix plans to conduct larger-scale autonomous driving model training at the Wuxi (Huishan) Domestic Intelligent Compu
November 3, 2026
On November 1, Empyrean Technology, a leading domestic EDA company, announced its plan to acquire up to 51% equity in its invested company, Easy-Logic Technology (Shenzhen) Co., Ltd., for no more than CNY 220 million. Upon completion of the transaction, Easy-Logic Technology will become a subsidiary of Empyrean Technology. This move represents another substantive step in Empyrean Technology's "chain-completion" strategy in the digital EDA sector and reflects the broader trend of the domestic EDA
November 3, 2026
On October 30, the 31st meeting of the Second Board of Directors of Empyrean Technology (301269) unanimously approved a proposal to acquire no more than 51% equity in its invested company, Easy-Logic Technology, for an investment not exceeding CNY 220 million. Upon completion of the transaction, Easy-Logic Technology will become a controlled subsidiary and be included in the consolidated financial statements. | Keyword: "Tau Scaling Law" The announcement explained the purpose of the investment w
November 2, 2026
As an emerging computing standard system characterized by openness, controllability, prosperity, and innovation, the fifth-generation reduced instruction set (RISC-V) is standing at a historical turning point from ecosystem cultivation to large-scale commercialization. Amid profound changes in global geopolitics and economic landscapes, an increasing number of countries and regions are adopting it as an autonomous computing foundation for nurturing new industries. From an industrial practice per
October 30, 2026
Current computing power anxiety is not evenly distributed but exhibits significant structural differentiation. High-end training compute in the cloud remains tight, with advanced process nodes, HBM, and packaging capacity jointly constraining delivery. Meanwhile, although edge AI has gained considerable attention, stable, scalable, and profitable business loops remain scarce. More precisely, the industry is transitioning from "who can build a Demo" to a phase of differentiation where "who can ac
October 30, 2026
Recently, Suzhou Inston Technology Co., Ltd. (hereinafter referred to as "Inston Technology") announced the completion of its Series A financing round, with investors including Addor Capital, SIMIC Capital, and Oriza Holdings joining the round. The company, established less than three years ago, currently implements a "dual-track parallel" strategy: on one hand, it leverages high-performance silicon capacitors to rapidly enter the advanced packaging market for revenue generation; on the other ha
October 30, 2026
Key Observation This Week: AI demand continues to drive capacity expansion at wafer fabs and equipment vendors, but the market is increasingly focusing on whether this expansion can be realized, if equipment supply can keep pace, and the return on AI investments. AI continues to drive investment in advanced logic, memory, testing, and packaging, but industry observation priorities are shifting from "how strong is the demand" to "how will the demand be realized": Can wafer fab expansion plans con
October 28, 2026
In October 2026, a series of benchmarks on eight mainstream AI accelerator cards revealed that the Huawei Ascend 950PR achieved a median compute utilization rate of 86.0%, ranking first. While its absolute computing power was not leading, it utilized its own hardware most efficiently. This reflects a shift in the competitive logic of AI chips: beyond comparing peak computing power, the focus is now on who can truly utilize that power. Starting from the concept of the "Roofline," this article exp
October 28, 2026
Author | ZeR0 Editor | Moying Xindongxi reported on October 26 that yesterday, Jiangsu Suzhou-based General Purpose GPU (GPGPU) company Denlin Technology passed the listing hearing of the Hong Kong Stock Exchange. Founded in November 2017, Denlin Technology relies on its proprietary GPU chip architecture, the GPU+* (Minsky) architecture (which integrates GPGPU cores, AI acceleration units, and high-bandwidth on-chip memory subsystems into a single chip via intra-chip heterogeneity). The company
October 27, 2026
