Suiyuan Technology's sci-tech innovation board IPO has been approved by the listing committee. The company has now become one of the leading enterprises in China's cloud-based AI chip industry.

According to the Securities Times App, on June 15th, Shanghai Suiyuan Technology Co., Ltd. (referred to as Suiyuan Technology) passed the listing committee meeting of the Shanghai Stock Exchange's Sci-Tech Innovation Board. The IPO sponsor is Citic Securities, planning to raise 6 billion yuan.