Chips~RMB 1B

Moffett AI raises nearly RMB 1 billion in Series C+ to push AI inference chips

Source: Tech Startups; Tue, Nov 3, 2026

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The Shenzhen AI inference-chip company announced the round; investors include Renai Capital and Haitang Fund.

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LatePost reports Shi Yunfeng, who leads ByteDance's AI chip and DPU teams and joined in 2018, has resigned. The report says ByteDance's custom chip taped out this year but fell short of expectations and a successor is in development. TechNode did not confirm it independently and ByteDance gave no comment.

ChipsTechNode (citing LatePost)11-13

Denglin lists in Hong Kong with a different route in AI GPUs: LPDDR memory instead of HBM

Denglin listed in Hong Kong on 10 November under Chapter 18C, raising about HK$1.415 billion, 35% of it for upgrading current GPU lines. It uses LPDDR instead of HBM for lower cost, power and supply-chain risk, targets enterprise private clouds and edge inference, and plans a first Minsky IV version in December.

Chips~HK$1.415BTechNode11-13

SMIC sees an AI computing crunch lasting until 2028; domestic AI demand lifts profit 82%

SCMP says demand for domestic AI infrastructure drove an 82% profit rise at China's top chipmaker, which expects the computing crunch to last until 2028 and flags that the Nvidia turmoil risks tighter chip curbs. Check the company filing for the exact reporting period and revenue.

ChipsSCMP11-13

Youa's RMB 1.58 billion purchase of power-chip firm Shangyangtong clears review, a department-store operator's pivot to semiconductors

Youa Shares' plan to buy 100% of Shenzhen Shangyangtong was cleared on 12 November at RMB 1.58 billion, of which RMB 506 million is cash and the rest new shares, with up to RMB 550 million of supporting funds. Local media note the price is well below the target's last post-money valuation of RMB 5.08 billion. Planning began in November 2024.

ChipsDeal: RMB 1.58B (~US$235M)Voc.com.cn (Hunan Online)11-12

Moffett AI raises nearly RMB 1 billion in Series C+ to push AI inference chips

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Denglin lists in Hong Kong with a different route in AI GPUs: LPDDR memory instead of HBM

SMIC sees an AI computing crunch lasting until 2028; domestic AI demand lifts profit 82%

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