Tuesday, 25 August, 2026
Charging Up: Tencent-Backed AI Chipmaker Enflame Set for $892M IPO
By TechShots Studio
Tencent-backed AI chipmaker Enflame Technology has set September 2 as the share subscription date for its 6 billion yuan (~$892 million) IPO on Shanghai's STAR Market. The Shanghai-based startup plans to issue 43.04 million new shares—a 10% stake—with preliminary price consultations starting August 28. Proceeds will fund R&D and commercialization for its fifth- and sixth-generation AI chips.
Read full story at REUTERS