Biren Technology · 上海壁仞智能科技有限公司

Fabless

Founded September 2019 by former SenseTime president Zhang Wen and former Huawei engineer Jiao Guofang; one of two Chinese GPU startups (with Moore Threads…
Published

October 11, 2026

Chinese name: 上海壁仞智能科技有限公司 (Shànghǎi Bìrèn Zhìnéng Kējì Yǒuxiàn Gōngsī)

TipWhy This Matters

Founded September 2019 by former SenseTime president Zhang Wen and former Huawei engineer Jiao Guofang; one of two Chinese GPU startups (with Moore Threads) directly named in the US Commerce Department’s October 17, 2023 Entity List action targeting AI chip designers with a Foreign Direct Product Rule designation, the most restrictive tier. Listed on the Hong Kong Stock Exchange’s main board on January 2, 2026 (06082.HK) — the first new HK listing of the year and, at the time, the largest IPO under HKEX’s 18C mechanism — issuing about 248 million shares at HK$19.60, with the stock closing up ~94.6% on debut. It has since raised twice more: ~HK$7.04 billion net in a July 2026 placing at HK$46.20, and a second placing announced 8 October 2026 (130 million shares at HK$31.08, HK$4.04 billion gross, ~70% earmarked for supply-chain procurement), taking 2026 capital raised past HK$17 billion; the shares fell ~12% on the October announcement to a market cap around HK$78.9 billion.

What does this firm design?

General-purpose GPUs for AI compute, led by the BR100 series, competing directly in the segment most exposed to Nvidia export restrictions. H1 2026 revenue (formal filing, 28 August) was ¥1.236 billion, up ~2,000% year-on-year, with net loss narrowing to ¥377 million and R&D at ¥804 million; stock-plus-prepayment rose 230% to ¥1.534 billion. The next-generation BR20X has been successfully lit up and is in post-tapeout validation, with reported performance benchmarked against Nvidia’s H200 class and launch slated within 2026; at WAIC (July 2026) Biren demonstrated a BLink 2.0 optical-interconnect supernode scaling to 1,024 cards.

Key Facts

Category Fabless
Founded 2019
Location Shanghai, Shanghai Municipality
Product Focus General-purpose GPUs for AI training and inference (BR100 series)
Node Sophistication Designed for leading-edge nodes; fabrication access constrained by its Entity List status
Entity List Yes — US Commerce BIS (Footnote 4 Foreign Direct Product Rule)
Last Verified Newest source dated 09 Oct 2026 (4 sources)

Design Score

4/5

Sources

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