Chinese AI compute projects advance as domestic chips and optical supply chain draw attention
China-focused updates centered on data-center procurement, domestic compute clusters, AI model demand, and semiconductor supply-chain expansion.
• Pingzhi Information said it is the first-ranked winning candidate for Chengdu Data Group’s Tianfu AI Data Center Phase IV computing power service procurement project, which has a 300 million yuan budget.
• Yuchai and ZTE signed a strategic cooperation agreement that starts with diesel generator set support for computing power data centers and may expand into domestic and international markets.
• China’s Z.ai is reportedly partially operating a 1GW data center using Chinese-made chips, while another source said the data center is fully complete.
• Moore Threads said a MoE-236B model trained on more than 25 trillion tokens completed the full training process from scratch on its domestic 10,000-card cluster, with effective training time above 90%.
• Moonshot AI’s Kimi K3 reportedly triggered a computing power shortage after going viral, while the company is said to be preparing final pre-IPO financing talks targeting a valuation of as much as $50 billion.
• Cmsemicon expects first-half 2026 net profit attributable to shareholders to rise about 90.82% year on year to about 165 million yuan, citing global AI and computing power demand that tightened MCU capacity and lifted shipments and prices.
• Lianxun Instruments expects first-half net profit to rise 802% to 926% year on year, saying AI-driven data center construction increased demand for high-speed optical communications products and related testing equipment.
• Eoptolink launched its H-share offering with a top offer price of HK$1,010 and expects to list in Hong Kong on July 30, while JCET and HKC each plan chip-related subsidiaries with 4 billion yuan in registered capital.