HK Stock Market Move | AXERA(00600) rose more than 16% in the morning. The company is the world's largest provider of high-end vision edge AI inference chips.

AXERA (00600) rose more than 16% in the morning, with a total market value approaching 20 billion Hong Kong dollars. As of the time of publication, it had risen by 14.58% to 32.38 Hong Kong dollars, with a trading volume of 135 million Hong Kong dollars. On the news front, AXERA's smart car business has recently made new progress. The company's self-developed flagship chip product M97 for high-end intelligent driving applications has recently been produced and successfully lit up. This chip is the core product for the company's smart car business to move towards the high-end market. It is also a new generation of intelligent car chips following the M55H, M76H, and M57 series, consolidating the core innovative achievements in chip design and research and development for the company. Public information shows that AXERA is a supplier of artificial intelligence reasoning system chips, focusing on creating high-performance perception and computing platforms for edge computing and terminal device AI applications. According to a report from Analysys, based on 2024 shipment calculations, AXERA has become the world's largest supplier of high-end visual edge AI inference chips, ranking among the top five in the global visual edge AI inference chip market. At the same time, the company ranks third in the Chinese edge AI inference chip market, and is the second largest domestic supplier in the field of intelligent driving SoCs in China.