Allen Wu, formerly the chief executive of Arm China, has reportedly founded a new company that will develop chips based on the RISC-V instruction set architecture. The company – Zhongzhi Chip (Shanghai) Technology Co. — will of course challenge both Arm and Arm China in some respect. 

Under the leadership of the controversial Allen Wu, Zhongzhi Chip is reportedly attracting a notable influx of talent, including numerous former employees of Arm, indicating the new company's serious ambitions in the chip sector. 

Related information indicates, founded on September 11, 2023, the company is a technology innovation company focusing on RISC-V processor IP and computing platform solutions. With a global team led by world-class chip experts, the company possesses top-tier IP technology development and commercialization experiences.

The industry media has not yet obtained accurate information about whether this new company is planning for independent research and development or acting as the Chinese agent for Tenstorrent, the company where Jim Keller serves as CEO. However, given the recruitment information released by the company, the latter situation is more likely to happen, despite no confirmation.

Said to be backed by abundant resources and shareholders with strong competence, the company has partnered with several stellar global RISC-V chip companies in technology, and works closely with numerous domestic industry leaders, which enable it to rapidly achieve scale growth in revenue and market cap.

Editor：Vicky

▼▼▼

Raimondo says Huawei' s chip breakthroughs is years behind US tech

Silvaco files for IPO, closes deal with Micron

SK hynix and TSMC to collaborate on HBM4 innovation

Semiconductor equipment maker ASML ships second 'High NA' EUV machine

TSMC will raise chip prices that are made outside of Taiwan

Micron set to get $6.1 billion in chip grants from US