
Enflame sets IPO price at $21 as China’s AI chip race hits public markets
Founded in 2018, Enflame develops cloud AI chips and has built four generations of architectures and five AI accelerators.

Founded in 2018, Enflame develops cloud AI chips and has built four generations of architectures and five AI accelerators.

It may be weakening the very logic that has allowed Nvidia to maintain extraordinary margins for years: customers have no alternative.

Enflame’s IPO approval marks another milestone in China’s bid to build a self-sufficient AI semiconductor industry amid tightening US export controls.