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On June 15, Shanghai Enflame Technology Co., Ltd. successfully navigated the IPO review process on the STAR Market, as conducted by the Shanghai Stock Exchange, with an ambitious plan to raise 6 billion yuan. These funds are earmarked for the research, development, and industrialization of its fifth- and sixth-generation AI chip series products, along with pioneering AI software and hardware collaborative innovation initiatives.
Since its inception in 2018, Enflame Technology has demonstrated remarkable prowess by independently developing five cloud-based AI chips across four distinct architectural generations. This achievement has not only established a robust and comprehensive product system but has also positioned the company as one of the frontrunners in China's cloud-based AI chip industry.
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