AI chipmaker Biren projects up to 22-fold revenue surge amid China’s hi-tech boom

Chinese Artificial Intelligence chipmaker Biren Technology projects that its first-half revenue could shoot up by up to 2,107 per cent amid the AI hardware boom, joining industry peers like Hygon Information Technology and Cambricon Technologies in reporting accelerating demand for home-grown chips.The Shanghai-based graphics processing unit (GPU) maker, which debuted on the Hong Kong stock exchange in January, estimated revenue for the first six months of 2026 to reach between 1.15 billion yuan (US$170.5 million) and 1.3 billion yuan, with staggering year-on-year growth of 1,852 per cent to 2,107 per cent, according to its stock exchange filing on Monday.Biren also projected that its net loss would narrow to between 320 million yuan and 400 million yuan, compared with a loss of 1.6 billion yuan during the same period in 2025.