U.S. chip company executives met with top Biden administration officials on Monday to discuss China policy urging a halt to more curbs.
In 2022, China accounted for $180 billion in semiconductor purchases, more than a third of the worldwide total of $555.9 billion, and the largest single market, as per Semiconductor Industry Association (SIA).
Nvidia tweaked its AI chip for the Chinese market, which is already gaining traction.
Founded in 2019, Biren focuses on graphics processing units and cloud computing.
The startup has raised about 4.7 billion yuan from investors, including IDG Capital, Ping An Insurance Group Co, and China Merchants Capital.
In August 2022, it released the first general-purpose graphics processing unit, “setting a new record in global computing power.”
Apple Inc (NASDAQ:AAPL) supplier Taiwan Semiconductor Manufacturing Co (NYSE:TSM) had suspended production of advanced silicon for Biren to ensure compliance with U.S. regulations.
Biren’s products are gaining traction among major Chinese firms in the domestic market as it gears up for its IPO.
The startup has won orders from SenseTime Group Inc, which recently showcased a suite of new AI services, including SenseChat.
Price Action: NVDA shares traded higher by 0.84% at $468.50 premarket on the last check Tuesday.
Photo via Wikimedia Commons
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here.
