The brief

Analyst view

• China's leading domestic AI chip maker; Siyuan MLU series is primary alternative to NVIDIA within China.
• IPO on Shanghai STAR in 2020, raising $369 million.
• Designs and manufactures Siyuan series accelerators via SMIC partnership.

Technical approach

As reported

Siyuan series

MLU290/590/690 evolution

Flagship products evolved from MLU290 (2021) through Siyuan 590, with Siyuan 690 in development.

Manufacturing partnership

SMIC fabrication

Siyuan accelerators manufactured at SMIC using advanced process nodes, with volume production established.

Market focus

Domestic Chinese market

Primary market is Chinese cloud providers and data centers. US export controls limit international sales.