Biren Tech (06082) rose more than 5% during trading. At the time of writing, the stock was up 5.21% to HK$46.82, with a turnover of HK$197 million.

On the news front, on April 23, according to an announcement on Biren Tech's official WeChat account, Tencent's Hunyuan Hy3 preview language model was released as open source. Leveraging its fully self-developed technology stack, Biren Tech successfully achieved Day0 adaptation and inference verification for the Hy3 preview model using the mainstream vLLM open-source framework.

Notably, within the month, the company's flagship GPU products have been adapted to support several major domestic large models. These include Moonshot AI's Kimi K2.6 model and Alibaba's Qwen3.6-35B-A3B large model, among others.

According to data from CIC Consulting, the global intelligent computing chip market is projected to reach $585.7 billion by 2029, with a compound annual growth rate (CAGR) of 37.5% from 2024 to 2029. The Chinese market is growing even faster, with a CAGR of 46.3%, and domestic manufacturers are expected to continue gaining market share.

Caitong Securities noted that Biren Tech is one of the earliest domestic companies to achieve commercial deployment of thousand-card GPGPU clusters, achieving a linear acceleration ratio of up to 95%. The company is implementing its "1+1+N+X" platform strategy. Three of its chips—BR106, BR110, and BR166—have already entered mass production. Its second-generation flagship product, the BR20X, is expected to be commercially launched in 2026.