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SpacemiT Secures $86M for K3 RISC-V AI Chip Production

1/15/2026

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Summary

Story summary

SpacemiT will begin mass production of its K3 RISC-V AI chip in April 2025 after a funding round that exceeds US$86 million.
The Hangzhou-based company raised over 600 million yuan from investors, including Huaxia Hengtian and the Beijing Artificial Intelligence Industry Investment Fund.
Chen Zhijian, SpacemiT chief executive officer, said AI and large language models could drive adoption of the RISC-V architecture.
The K3 design phase was completed last year.

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Story summary

SpacemiT will begin mass production of its K3 RISC-V AI chip in April 2025 after a funding round that exceeds US$86 million.
The Hangzhou-based company raised over 600 million yuan from investors, including Huaxia Hengtian and the Beijing Artificial Intelligence Industry Investment Fund.
Chen Zhijian, SpacemiT chief executive officer, said AI and large language models could drive adoption of the RISC-V architecture.
The K3 design phase was completed last year.