Synergence Technology Gets STAR Market IPO Approval, Plans 6 Billion Yuan Financing on June 15

According to BlockBeats, Synergence Technology (one of China's "National GPU Four Dragons") received approval from the Shanghai STAR Market listing committee on June 15, 2026, with planned financing of 6 billion yuan. The company specializes in cloud AI training and inference chips with self-developed GCU architecture, serving large language model training, cloud computing, and AI computing center scenarios. Tencent is its largest shareholder, holding approximately 20% stake, with a significant portion of the company's revenue derived from Tencent direct or indirect supply contracts.
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