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What Shanghai Iluvatar CoreX Semiconductor Does & How It Makes Money (9903.HK)

Updated October 2026 · reflects Shanghai Iluvatar CoreX Semiconductor's latest reported financials

Chinese designer of GPGPU chips and accelerators for AI computing. It makes money mainly by selling GPGPU accelerator cards, along with GPGPU servers and clusters, to customers through its own direct sales team and through distributors.

Shanghai Iluvatar CoreX Semiconductor's story, moat and numbers — in a 3-minute visual book.

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How Shanghai Iluvatar CoreX Semiconductor makes money

It makes money mainly by selling GPGPU accelerator cards, along with GPGPU servers and clusters, to customers through its own direct sales team and through distributors.

What Shanghai Iluvatar CoreX Semiconductor does

Founded in 2015 and based in Shanghai, Shanghai Iluvatar CoreX Semiconductor researches, designs and deploys GPGPU chips and AI computing solutions for the Chinese market. Its core business is GPGPU accelerators, which combine its chips with memory modules, circuit boards and other key parts into complete cards that can go straight into end computing systems. There are two product lines: the TG Series, built for AI training, and the ZK Series, built for cloud and edge inference. Beyond individual accelerators, the company sells GPGPU servers and clusters as AI computing solutions. It also provides its own full-stack software development kit, which includes performance-optimized libraries, AI training frameworks and inference engines. Products reach customers through a direct sales force and through distributors.

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What is Shanghai Iluvatar CoreX Semiconductor worth?

Fair value: not published

A reliable owner-earnings fair value isn't available for this company yet — we'd rather say so than print a number we don't trust.

We show a fair value only when the method is trustworthy. See Shanghai Iluvatar CoreX Semiconductor on TacticScale →

Sector Technology Industry Semiconductors HQ China Ticker 9903.HK Official site

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