According to reports, mainland chip manufacturer Iluvatar CoreX is considering an initial public offering (IPO) in Hong Kong, with a potential fundraising scale of $300 million to $400 million.

Company information shows that Iluvatar CoreX was established in 2015, dedicated to developing autonomous and controllable, internationally leading general-purpose GPU products. The company explores pathways for general-purpose GPU catch-up development, accelerates the construction of autonomous industrial ecosystems, provides computing power solutions for the entire industry, and aims to create more reliable, efficient, and environmentally friendly domestic leading computing power engines.

Iluvatar CoreX has undergone multiple rounds of financing, with investors including Legend Capital, Princeville Capital, Shanghai Electric Hong Kong, Bangsheng Capital, Yunbai Capital, Yuemin Investment Management, China Unicom Capital, Financial Street Capital, Hopu Investment, Zhongguancun Science City Technology Growth Fund, Shanghai Guosheng, Xicheng Zhiyuan, Xinxing Assets, Dingxiang Capital, Dingli Capital, Guangdong-Hong Kong-Macao Industrial Finance, and Shanghai Free Trade Zone Equity Fund.