Enflame Surges 188% in Shanghai Debut as AI Chip Boom Continues

Enflame Technology Co. Ltd. (688801.SH) surged 188% on its Shanghai debut Friday, marking the last of the Chinese mainland’s top five AI chip startups to go public.

The blockbuster listing underscores the booming demand for homegrown computing power, as AI applications proliferate and U.S. export controls limit access to Nvidia Corp.’s high-end processors.