6 days ago
AI Chipmaker Iluvatar CoreX Is Said to Mull Hong Kong IPO
Iluvatar CoreX is considering an initial public offering in Hong Kong, as investor interest in Chinese artificial intelligence chipmakers builds with Beijing discouraging local firms from using Nvidia Corp. processors.
Shanghai Tianshu Zhixin Semiconductor Co., as the Centurium Capital -backed firm is formally known, is working with advisers on the potential share sale that could raise $300 million to $400 million, according to people familiar with the matter, who asked not to be identified because the information isn't public.
