Biren Technology (06082) rose more than 5%, with the stock up 5.77% to HK$50.55 at the time of writing, generating a turnover of HK$117 million. BOC International released a research report stating that Biren Tech, as a leading domestic GPGPU manufacturer, is positioned to fully benefit from the exponential growth in China's AI computing power demand. Beyond its technological leadership from chips to system levels, the report highlights Biren Tech's deep integration with the domestic supply chain as a critical competitive advantage over its peers. The firm forecasts that Biren Tech will achieve a 137% compound annual growth rate in revenue from 2025 to 2028 and expects the company to reach breakeven by 2027, primarily driven by the commercialization of its next-generation products in the second half of 2026. CLSA believes that China's computing power shortage will persist at least until 2027, and Biren Tech is poised to benefit from the supply-demand imbalance and localization trends, standing out with its robust delivery capabilities. Biren Tech's first-generation product, the BR10X, has already achieved scaled deployment in government-led scenarios, while its next-generation BR20X series is expected to complete tape-out in the third quarter of 2026. The company's long-term goal is to capture a 10% market share in China's AI chip market.