# China chips

Chinese AI-Compute Upstart Suiyuan Clears STAR Market IPO Hurdle, Seeks Rmb6bn to Build Homegrown GPU Stack

Shanghai Suiyuan Technology’s STAR Market IPO has been accepted as it seeks Rmb6 billion to scale AI accelerator cards, clusters and integrated solutions. Backed by Tencent and state-affiliated investors, the company sits at the intersection of China’s push for domestic AI compute capacity and growing demand for alternatives to Western GPUs.