Iluvatar CoreX IPO highlights China’s race to scale general-purpose GPUs

Shanghai Iluvatar CoreX Semiconductor, a Chinese general-purpose GPU developer, listed on the Hong Kong Stock Exchange’s Main Board on January 8, 2025. Shares were priced at HKD144.6 (US$18.5), raising about HKD3.7 billion (US$474 million). The stock jumped 31.5% at the open to HKD190.2, lifting its debut valuation above HKD47.5 billion, signalling investor demand for China’s domestic compute hardware.

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AMIES Technology acquires SMEE affiliate in US$32m deal, clarifying China’s lithography split

China’s domestic lithography sector is entering another phase of internal restructuring, with AMIES Technology consolidating industrial assets originally spun out from Shanghai Micro Electronics Equipment (Group) Co., Ltd. (SMEE). Corporate filings and Shanghai Securities News show that AMIES has acquired 100% of Shanghai Weiyao Industrial Co. for CNY228.5 million (US$32.5 million), replacing SMEE as the sole shareholder. The transaction completes SMEE’s exit from Weiyao while keeping the asset within the SMEE-origin corporate structure.

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MSScorps hits record 4Q25, 2025 revenue on AI and chip demand

Materials test and analysis provider MSScorps continued its record-breaking revenue performance in December 2025, buoyed by active investments by customers in advanced processes and next-generation advanced packaging technologies. Robust demand from semiconductor and artificial intelligence (AI) customers fueled orders for materials analysis, as well as silicon photonics (SiPh) and AI inspection and testing services.

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Tianma showcases at CES 2026 a 108-inch 4K Micro LED display with a peak brightness of 1500 nits

Tianma is unveiling at CES 2026 a major milestone in next‑generation display engineering with the introduction of a 108‑inch 4K Micro LED display built using the world’s first all‑laser mass transfer process on a glass‑based LTPS TFT backplane. The breakthrough, which marks a significant advancement toward scalable and efficient Micro LED manufacturing, will be demonstrated by appointment at CES…

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