Huawei

Money Moves

Reported chip partner for DeepSeek training

DeepSeek reportedly raised about $15 billion in October 2026, one of the largest venture rounds ever for a Chinese company. The Hangzhou lab has spent the year arguing that AI can be cheaper to run.

Updated 3 days ago

New Capabilities

As of August 2026: Apple's main China rival, leading in AI phone features

For nearly two years, Apple could not turn on its AI features in China. Chinese law bars foreign firms from running their own generative AI models, so Apple had to lean on local partners. Now it has trained its own model, and Beijing has signed off.

Updated Aug 14

New Capabilities

As of May 2026: Under comprehensive US sanctions but achieving technical breakthroughs with SMIC 5nm chips and self-developed HBM

Biren Technology's shares surged 76% on January 2, 2026, raising $717 million in Hong Kong—the first GPU chipmaker to list this year. Despite losing $1.6 billion annually and facing US export bans, investors oversubscribed 2,348 times; rivals Moore Threads and MetaX followed with Shanghai IPOs that surged 400% and 700%.

Updated May 19