AI chipmaker Biren projects up to 22-fold revenue surge amid China’s hi-tech boom

Chinese artificial intelligence chipmaker Biren Technology projects that its first-half revenue could shoot up by up to 2,107 per cent amid the AI hardware boom, joining industry peers like Hygon Information Technology and Cambricon Technologies in reporting accelerating demand for home-grown chips. The Shanghai-based graphics processing unit (GPU) maker, which debuted on the Hong Kong stock…