AI Chipmaker Biren Technology Soars 82% on Hong Kong Debut, IPO Oversubscribed 2,300x

• Shanghai Biren Technology Co., an AI chip designer, saw its shares surge up to 82% on its Hong Kong Stock Exchange debut on January 2, 2026.
• The company raised $71.7 million through its IPO, which was oversubscribed 2,300 times by retail investors, highlighting strong market enthusiasm for AI stocks.
• Biren Technology develops Graphics Processing Units (GPUs) crucial for AI training and is the first GPU-centric company to list in Hong Kong.
• The strong debut reflects the ongoing global AI boom, Chinese government support for domestic tech, and follows similar surges by other AI chip firms like MetaX.
• Despite a net loss of 1.6 billion yuan in H1, the listing underscores investor confidence in the AI and semiconductor sectors, with funds earmarked for R&D.

Why It Matters: Biren Technology's 82% surge on debut highlights massive investor appetite for AI and semiconductor stocks.