May 2026
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Largest AI Chips & Hardware Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
SJ Semiconductor, Moore Threads, MetaX Integrated Circuits, Iluvatar CoreX and Shanghai Biren Technology.
 | SJ Semiconductor Corp is engaged in mid-stage silicon wafer processing and back-end packaging business in the packaging and testing industry for integrated circuits. | $27 | -- | $50B | $50B | 52.4x | 118.3x | ||
| Moore Threads Technology Co Ltd is principally engaged in the R&D, design and sales of graphics processing units(GPUs) and related products. The business includes providing technical services, technology development, technical consulting, technology exchanges, technology transfers, technology promotion and information system integration. Besides chip design and sales, it also engages in import-export activities related to technology and hardware products. | $98 | -- | $46B | $45B | 204.3x | (366.6x) | ||
| MetaX Integrated Circuits (Shanghai) Co Ltd is engaged in the research, design, and sale of high-performance GPU chips and computing platforms. Its business activities include technical services, technology development, consulting, and technology transfer in the areas of integrated circuit, electronic, communication, computer software and hardware, and network technologies. The company also provides integrated circuit design, software development, and sells electronic products. | $105 | -- | $42B | $41B | 168.9x | (479.9x) | ||
| Shanghai Iluvatar CoreX Semiconductor Co Ltd offers GPGPU products and AI computing solutions across diverse industries. Its product portfolio includes GPGPU chips and accelerators, as well as customized AI computing solutions, including GPGPU servers and clusters, that combine its hardware with proprietary software stack to address specific customer needs in training and inference scenarios. The company specializes in the research, design, and deployment of advanced GPGPU products and AI computing solutions across diverse industries. | $63 | -- | $16B | $16B | 104.4x | (133.2x) | ||
| Shanghai Biren Technology Co Ltd is engaged in developing general-purpose computing on graphics processing units (GPGPU) chips and GPGPU-based intelligent computing solutions to provide the foundational computing power required by AI. The company's business activities are sales of GPGPU and other ready-to-use applications and provision of application development and other services mainly in the PRC. It provides solutions that combine self-developed GPGPU-based hardware (BILI series) with the proprietary BIRENSUPA software platform, supporting AI model training and inference across cloud and edge applications. The company generates the majority of revenue from the sales of Intelligent computing solutions. | $6 | -- | $15B | $15B | 95.2x | (83.5x) | ||
| Median | $63 | -- | $42B | $41B | 104.4x | (133.2x) |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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