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AI News from ET - Chinese chip firm Biren Tech seeks up to $838 million in Hong Kong placement, term sheet shows

Vishwadeep Khatri
in AI News & Two Lenses

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Chinese chip maker Biren Tech is reportedly looking to raise a substantial amount, aiming for up to $838 million through a placement in Hong Kong. This urgent fundraising effort, as indicated by a term sheet, highlights the company's significant capital needs in the competitive semiconductor industry.

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