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Chinese AI chip developer Enflame raises $912M in IPO

September 11, 2026, 20:54 UTC · Shanghai, China · Asia-Pacific · no longer in the live window

Shanghai Enflame Technology Co. raised 6.12 billion yuan ($912 million) in an initial public offering, with shares closing 179% higher on debut.

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Technology events in China

• China mass-produces 320 km/h drone interceptor in drone war escalation
• Xiaomi starts global beta testing of HyperOS 4
• Shenzhen Suqiao Intelligent Technology releases custom GeForce RTX 5090 with 96GB memory
• SMIC quarterly revenue exceeds $3 billion
• Enflame Technology triples on Shanghai debut
• Geely launches TT electric sport sedan in China

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