Artificial intelligence chip manufacturer Bitmain Technologies is reportedly considering conducting its first initial public offering in Hong Kong.

This company, supported by Huaping Investment, is formally named Shanghai Tianjin Intelligent Chip Semiconductor Co., Ltd. According to sources familiar with the matter, the company is working with consultants to advance a potential stock offering, possibly raising 3 to 4 billion US dollars. As the relevant information has not been made public yet, these sources requested anonymity. The sources said that the current discussions are still in the preliminary stage, and details such as the size of the potential IPO may change. Walltech mainly produces graphic processors required for running artificial intelligence services, but the company did not respond to requests for comments. Walltech has joined the ranks of many Chinese artificial intelligence companies planning to go public in Hong Kong, hoping to capitalize on investors' interest in the industry.