Sectors

Qianhe Yibang closes a 2 billion yuan B round for 3D compute-in-memory chips

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Qianhe Yibang, a leader in 3D compute-in-memory chips, recently closed a B round above 2 billion yuan. As China accelerates high-quality integrated-circuit development and Indigenous breakthroughs in core technologies, innovative firms with self-developed ability and new chip architectures are becoming central to industrial upgrading. Globally, the digital economy has entered a compute-centric phase, and memory … Read more

Lenovo’s net profit jumps 176 per cent on 63.4 billion yuan of AI revenue as Yang shrugs off the bubble talk

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In May, Lenovo chairman and CEO Yang Yuanqing set a goal of reaching US$100 billion in annual revenue within two years, from US$83.1 billion then, implying about 9.7 per cent compound growth. On 13 August, Lenovo reported its first fiscal-quarter 2026/27 results for the period ended 30 June 2026: revenue of 183.4 billion yuan, up … Read more

Xiaomi burns 5.7 billion yuan on EVs and AI in the first half as the Pengcheng range looms

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On 18 August, Xiaomi president Lu Weibing and vice president and CFO Lin Shiwei took questions on the group’s second-quarter 2026 results. On the smart-EV business they addressed five points: the Pengcheng model’s buyers barely overlap with existing models; the Pengcheng N90 Max and N70 Max are not yet priced, so margin impact is unclear; … Read more

Unitree debuts on the STAR Market at a 400 billion yuan valuation as shares open 629 per cent up

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On 19 August, Unitree Technology (688836.SH) listed on the Shanghai Stock Exchange’s STAR Market, becoming the first pure-play humanoid-robot stock on the A-share market. Priced at 150.80 yuan per share, it opened at 1,100 yuan, pushing its market capitalisation above 400 billion yuan. At that open, a single winning IPO lot could be worth up … Read more

Acorn Robot closes angel round and unveils a tactile ‘instinct model’ that skips pretraining

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Gasgoo Embodied Intelligence has learned that Acorn Robot, an embodied-manipulation company, recently closed an angel round led by China Merchants Venture Capital and NIO Capital, with the Tsinghua alumni seed fund following on. Only four months after a nearly 100 million yuan seed round in March, the two rounds together have raised several hundred million … Read more

SMIC’s net profit jumps 2.6 times as US curbs miss the point of the AI boom

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For years, three words trailed SMIC wherever it went: behind, restricted, catching up. It could not buy the best tools, could not take the most advanced orders, and the market kept asking the same question: when would it close the gap with TSMC? For a company carrying the hopes of China’s domestic chipmaking, simply surviving … Read more

Sunzhan founder Zeng Yi: AI is tearing down chip-design barriers, and we want to be the semiconductor industry’s Copilot

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Zeng Yi’s office tea was refilled again and again as the conversation unfolded, a typical Guangdong reception: no need to sit stiff, but the matter was clear. He speaks with a Chaoshan accent, not fast, always finishing a sentence with a smile, eyes narrowing, leaning in, easy to relax around. Talk of AI and RISC-V … Read more

Xiaomi’s MiMo foundation model is its most far-sighted bet yet

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AI large models are evolving from a business and product into the infrastructure a company runs on. Past software and hardware firms organised by product, with AI as one function among imaging, voice, recommendation or interaction. After foundation models arrived, AI reached product definition, user interaction and service distribution. Teams once split by product must … Read more

To sharpen its own defences, OpenAI built a remarkably potent ‘AI hacker’

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Yesterday OpenAI expanded its Daybreak cyber-security programme and launched GPT-5.6-Cyber, a model built for security scenarios. Notably, GPT-5.6-Cyber splits AI cyber capability into two directions: Daybreak Blue for defence work, and Daybreak Red for advanced security research and attack simulation. This red-blue confrontation is the core drill mechanism traditional security uses to validate system safety. … Read more

One AI factory needs 1.5 million GPUs: NVIDIA is eyeing a US$600 billion prize

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How expensive is AI, really? We once measured compute in GPU counts. Now OpenAI and NVIDIA measure it in gigawatts. On 17 August, the PORTS-Pike project disclosure showed OpenAI building world-class AI infrastructure in Ohio. OpenAI said it has secured about 8 GW of IT capacity at the site, with NVIDIA providing credit support for … Read more