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Bloomberg Technology·2 min read

Biren Tech’s Revenue Triples on China’s Demand for AI Chips

Biren Tech's revenue surged due to AI chip demand.

Biren Technology Co., based in Shanghai, has seen its annual revenue more than triple, reaching 1.03 billion yuan ($150 million) as a result of China's rapidly growing demand for artificial intelligence chips. This surge in revenue highlights the escalating importance of AI technology in the global market.

Key Takeaways

1.
Biren Tech's revenue soared to 1.03 billion yuan from 337 million yuan last year.
2.
The company's growth is fueled by China's increasing demand for artificial intelligence chips.

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Biren Tech’s Revenue Triples on China’s Demand for AI Chips | Trace