Tencent-Backed China Chipmaker Enflame Seeks $911 Million in IPO

Shanghai Enflame Technology, a Tencent-backed artificial intelligence chipmaker, is pursuing an IPO to raise approximately $911 million (6.12 billion yuan). This move marks the final of China's leading AI chipmakers—known as the "four little dragons"—to enter the public market, signaling growing momentum in China's semiconductor sector.