Iluvatar CoreX seeks to raise $850m as China’s AI-chip rally lifts its shares

A year ago, Iluvatar CoreX was a Shanghai chipmaker that sold mostly to the Chinese state. This week it is trying to raise about $850m from investors who cannot seem to get enough of it, according to Bloomberg, riding a share price that has more than tripled since January. The rally is really the whole […] This story continues at The Next Web

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