Military GPU supplier Jingjia raises capital to build all-Chinese GPU

Jingjia Microelectronics plans to raise $591 million (4.2 billion yuan) for two GPU projects through a private share sale. The funds will support R&D in high-performance GPUs and establish an advanced GPU architecture R&D center. Jingjia aims to boost domestic GPU use in gaming, graphics, data centers, AI, and autonomous driving, lessening dependence on imported GPUs. The company’s share price surged by 19.3% following the announcement. It seeks to overcome US, Japan, Netherlands, and TSMC sanctions to develop Chinese GPU capabilities. Jingjia was added to the US Entity List for alleged military ties and GPU advancements. Jingjia Microelectronics announced in