Suiren Secures Listing Approval: The Seventh AI Computing Power Chip Firm Goes Public

Deep News06-15

Suiren has successfully passed its listing review, marking the seventh publicly listed company in the AI computing power chip sector, following in the footsteps of Hygon Information Technology Co., Ltd., Cambricon Technologies Corporation Limited, Moore Threads, Muxi Semiconductor Co., Ltd., Biren Technology, and Iluvatar CoreX.

Examining the type of AI chip, Suiren is positioned similarly to Cambricon Technologies Corporation Limited, representing the second publicly listed company with a non-GPGPU architecture. This places it as a comparable, albeit smaller, player to Cambricon.

Cambricon Technologies Corporation Limited reported revenue of 64.97 billion yuan for 2025, while Suiren's revenue was 9.90 billion yuan. With Cambricon's current market capitalization at 838.8 billion yuan, what do you believe would be an appropriate valuation for Suiren?

Note: The non-GPGPU architecture (specifically, a Domain Specific Architecture or DSA) refers to a chip hardware architecture optimized for artificial intelligence parallel computing scenarios, focusing on computing, storage, and interconnect performance. It is not specifically optimized for other parallel computing domains like graphics rendering, making it an Application-Specific Integrated Circuit (ASIC) architecture.

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