Shanghai Iluvatar CoreX Semiconductor · 上海天数智芯半导体股份有限公司

Fabless

China’s first company to mass-produce a general-purpose training GPU (天垓100, 2021).
Published

October 11, 2026

Chinese name: 上海天数智芯半导体股份有限公司 (Tiānshù Zhìxīn)

TipWhy This Matters

China’s first company to mass-produce a general-purpose training GPU (天垓100, 2021). It posted a headline H1 2026 profit of ¥1.06亿 on revenue of ¥9.46亿 (+191.6%), but the profit came from about ¥7.56亿 of unrealised fair-value gains on its stake in 盛合晶微 (SJ Semiconductor); excluding that gain the core business lost roughly ¥6.5亿. A margin warning sits inside the growth: blended gross margin collapsed from 50.1% to 17.2% (GPGPU-only margin 43.9%) as low-margin 智铠 inference and a new negative-margin component-resale line mixed in — inference revenue ¥6.54亿 (+651.8%) vs training ¥2.62亿 (+38%). FY2025 revenue ¥10.34亿 (+91.6%). Its 天垓300 (4th-gen architecture, SIMT, >90% attention efficiency claimed) was released at WAIC in July 2026 with a 144-card supernode solution.

What does this firm design?

Cloud training/inference GPGPU chips and cards, edge AI products, AI servers/cluster solutions.

Key Facts

Category Fabless
Founded 2015
Location Shanghai, Shanghai Municipality
Product Focus General GPGPUs: 天垓 training series (100/150, 天垓300 flagship of the new 4th-gen architecture launched at WAIC 19 July 2026), 智铠 inference series, 彤央 edge modules
Node Sophistication Gen2-class ~7/12nm-equivalent (undisclosed); HBM-equipped; domestic-node transition implied by 60%-of-placement supply-chain mandate — specifics not verified
Entity List No
Last Verified Newest source dated 31 Aug 2026 (4 sources)

Design Score

4.2/5

Sources

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