Suiyuan Technology's IPO on the Science and Technology Innovation Board has been approved by the Shanghai Municipal Party Committee meeting, with plans to raise 6 billion yuan

Suiyuan Technology's IPO on the Science and Technology Innovation Board has been approved by the Shanghai Municipal Party Committee meeting, with plans to raise 6 billion yuan. Suiyuan Technology focuses on cloud based AI training and inference chips, with self-developed GCU architecture. It has iterated multiple generations of AI acceleration cards, intelligent computing clusters, and supporting software platforms, mainly serving scenarios such as large model training, cloud computing, and intelligent computing centers. It is the core supplier of Tencent, the largest shareholder of Tencent with approximately 20% stake. Apart from Suiyuan Technology, the other three Chinese domestic GPU giants are Moore Thread, Muxi Corporation, and Biren Technology.