Denglin Technology to launch IPO in Hong Kong this year, IFR reports

Chinese GPU manufacturer Denglin Technology plans to launch an initial public offering in Hong Kong as early as this year, expecting to raise between US$300 million (HK$2.34 billion) and US$400 million, according to IFR report.

The move follows recent listings by other Chinese GPU makers including Biren Technology (6082) and Iluvatar CoreX (9903).

Backed by Qualcomm, the mainland-based company has independently developed core GPU technologies and built a cloud-based AI computing platform.

Its Denglin GPU+ has successfully achieved commercial deployment across various industry applications currently, including smart cities and the internet.