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China’s Chip Champion to Raise Billions in Race for A.I. Control

CXMT, a linchpin in China’s drive to develop homegrown artificial intelligence technology, is aiming to raise nearly $10 billion in a blockbuster public offering in Shanghai.

By 365 Breaking News Editorial Team 1 min read
China’s Chip Champion to Raise Billions in Race for A.I. Control

CXMT, a linchpin in China’s drive to develop homegrown artificial intelligence technology, is aiming to raise nearly $10 billion in a blockbuster public offering in Shanghai.