For Sale
Comparison reviews

Chinese CPU and GPU maker Godson plans to raise US$544 million


Godson Technology is one of the few well-known Chinese CPU designers not on the US blacklist, so potential investors can invest in the company without major risks. This week, the company applied for an IPO on the Shanghai Science and Technology Innovation Board to raise funds and provide funding for its future CPU and GPU development.

According to reports, Loongson plans to raise 3.5 billion yuan ($544 million) to supplement its working capital and increase its R&D spending on next-generation CPUs and GPUs NikkeiThe news agency said that Loongson’s operating income was 1.1 billion yuan, twice the amount of the previous year. But at the same time, its 2020 profitability dropped from 193 million yuan in 2019 to 72 million yuan.


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button