Trading on the Hong Kong Stock Exchange on January 2, 2026, opened with a sensational debut by Shanghai Biren Technology—one of China's leading graphics processing unit (GPU) developers. The company's shares soared 82% in the first hours of trading, signaling massive investor confidence in the AI infrastructure sector. Biren, whose chips are positioned as an alternative to NVIDIA products for the domestic market, raised significant capital needed for mass production of 7nm and 5nm solutions.
Biren's successful listing sets a positive tone for all of 2026, which analysts have already dubbed the "year of hardware IPOs." The market is demonstrating a willingness to generously fund companies capable of ensuring technological sovereignty in the AI era. This success also confirms the effectiveness of China's state support aimed at encouraging local hardware unicorns to enter public capital markets.
Source: ReutersBiren TechnologyIPOHong KongGPUChina Tech
