According to Shanghai Securities News disclosed on July 21, Zhipu (02513.HK) has two key developments: First, Zhipu has officially completed the acquisition of Zhongke Jiah e, which originated from the Compilation Laboratory of the Institute of Computing Technology, Chinese Academy of Sciences. It has long been deeply engaged in heterogeneous computing software stacks and compilation optimizations, and is regarded in the industry as one of China’s top AI infrastructure teams. Second, Zhipu has implemented the construction of a 1GW-class domestic AI computing power data center, and it has fully adopted domestic AI chips.
Two trigger events for Zhipu stock: acquisition of Zhongke Jiah e and a 1GW data center
According to a report from Shanghai Securities News on July 21, 2026, the two developments directly triggered a sharp surge in Zhipu stock:
Acquisition of Zhongke Jiah e (XCore Sigma): Zhongke Jiah e originated from the Compilation Laboratory of the Institute of Computing Technology, Chinese Academy of Sciences. It has long been deeply engaged in heterogeneous computing software stacks and compilation optimizations. Its core technologies include baseline software capabilities such as compilers, runtime, and inference engines, which are used to improve the utilization rate of heterogeneous chips, reduce inference costs, and enhance model deployment efficiency.
Implementation of a 1GW-class data center: Zhipu has completed the construction of a 1GW-class domestic AI computing power data center, fully adopting domestic AI chips. The 1GW-class computing power scale provides the computational resources needed to support training for extremely large-scale models.
Analysts noted that beyond being able to “build” computing power, it also needs to be “used well”: the former addresses the scale problem, while the latter (Zhongke Jiah e) addresses the efficiency problem, and the two form strategic synergy.
Background of China-made AI chip ecosystems
Zhipu’s comprehensive adoption of domestic AI chips occurred under the following industry backdrop:
Goldman Sachs research note (May): China-made AI chips are rapidly expanding their share in China’s AI server market, and their competitiveness versus chipmakers such as Nvidia (NVDA) is improving quickly.
Hiber / Cambrian (688256.SH) 2026 Q1: Revenue reached RMB 2.9 billion (up 53% quarter over quarter, far exceeding Goldman Sachs’ prior forecast). EBITDA profit margin jumped from 26% to 42%, and order backlog signals strong demand.
Guojin Securities forecast: Changxin and Yangtze Memory’s procurement scale in 2026 is expected to reach RMB 55–63 billion. The domestic localization rates for metrology and FT test equipment are the lowest, implying the largest room for substitution.
Tencent Cloud: Plans to deploy NPO (near-packaging optical) supernodes in Q4 2026, and calls for a unified NPO industry standard both domestically and internationally.
FAQ
How much did Zhipu (02513.HK) rise on July 21, 2026?
Based on market data for July 21, 2026, Zhipu stock surged 38.35% in the afternoon, closing at HK$1,232 per share.
What core capabilities does Zhongke Jiah e (XCore Sigma) acquired by Zhipu have?
According to a report by Shanghai Securities News, Zhongke Jiah e originated from the Compilation Laboratory of the Institute of Computing Technology, Chinese Academy of Sciences. It has long been deeply engaged in heterogeneous computing software stacks and compilation optimizations. Core capabilities include compilers, runtime, and inference engines, which are used to improve heterogeneous chip utilization, reduce inference costs, and enhance model deployment efficiency.
What kind of chip does Zhipu’s 1GW data center use?
According to a report by Shanghai Securities News, Zhipu’s 1GW-class domestic AI computing power data center fully adopts domestic AI chips.
