ChipsTechmemeabout 2 hours ago
Iluvatar CoreX seeks $850M in Hong Kong share sale
1 min read
Iluvatar CoreX, a Shanghai chipmaker, is raising about $850 million in Hong Kong as its share price has more than tripled since January. The company is in talks to sell ByteDance at least 50,000 chips this year. Revenue was about 1 billion yuan ($148 million) last year, mostly from GPU sales.
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