ChipsHotDeal: RMB 2.5B (~US$372M)

Piotech plans a RMB 2.5 billion purchase of Wuxi Shangji and two holding vehicles to add PVD and etch tools

Source: Mianbao Finance (Tonghuashun); Thu, Oct 15, 2026

Generated graphic, not a news photo

This is a short summary, not a reprint. Read the original for details.

On 15 October Piotech (Tuojing) proposed buying 82.97% of Wuxi Shangji plus two holding vehicles for RMB 2.5 billion in total, about RMB 672 million cash and RMB 1.83 billion shares, and raising up to RMB 1.82 billion. Shangji makes PVD and etch tools; appraisal premium 289.84%; it promises 2026-2028 revenue of RMB 350, 450 and 610 million. Piotech would hold 100%.

Read original ↗Source: Mianbao Finance (Tonghuashun) · Opens the source in a new tab

LatePost reports Shi Yunfeng, who leads ByteDance's AI chip and DPU teams and joined in 2018, has resigned. The report says ByteDance's custom chip taped out this year but fell short of expectations and a successor is in development. TechNode did not confirm it independently and ByteDance gave no comment.

ChipsTechNode (citing LatePost)11-13

Denglin lists in Hong Kong with a different route in AI GPUs: LPDDR memory instead of HBM

Denglin listed in Hong Kong on 10 November under Chapter 18C, raising about HK$1.415 billion, 35% of it for upgrading current GPU lines. It uses LPDDR instead of HBM for lower cost, power and supply-chain risk, targets enterprise private clouds and edge inference, and plans a first Minsky IV version in December.

Chips~HK$1.415BTechNode11-13

SMIC sees an AI computing crunch lasting until 2028; domestic AI demand lifts profit 82%

SCMP says demand for domestic AI infrastructure drove an 82% profit rise at China's top chipmaker, which expects the computing crunch to last until 2028 and flags that the Nvidia turmoil risks tighter chip curbs. Check the company filing for the exact reporting period and revenue.

ChipsSCMP11-13

Youa's RMB 1.58 billion purchase of power-chip firm Shangyangtong clears review, a department-store operator's pivot to semiconductors

Youa Shares' plan to buy 100% of Shenzhen Shangyangtong was cleared on 12 November at RMB 1.58 billion, of which RMB 506 million is cash and the rest new shares, with up to RMB 550 million of supporting funds. Local media note the price is well below the target's last post-money valuation of RMB 5.08 billion. Planning began in November 2024.

ChipsDeal: RMB 1.58B (~US$235M)Voc.com.cn (Hunan Online)11-12

Piotech plans a RMB 2.5 billion purchase of Wuxi Shangji and two holding vehicles to add PVD and etch tools

Related stories

ByteDance's AI chip chief reportedly submits his resignation

Denglin lists in Hong Kong with a different route in AI GPUs: LPDDR memory instead of HBM

SMIC sees an AI computing crunch lasting until 2028; domestic AI demand lifts profit 82%

Youa's RMB 1.58 billion purchase of power-chip firm Shangyangtong clears review, a department-store operator's pivot to semiconductors