---
title: "Biren Technology rises over 8% after Credit Suisse upgrade"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292016634.md"
description: "Biren Technology climbs >8% to HK$49.78 as Credit Suisse reiterates Outperform with HK$67.4 target on new chip launch."
datetime: "2026-07-08T05:30:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292016634.md)
  - [en](https://longbridge.com/en/news/292016634.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292016634.md)
generator: "portal-rs"
---

# Biren Technology rises over 8% after Credit Suisse upgrade

Biren Technology (6082.HK) climbed more than 8% during regular trading to **HK$49.78**.

Credit Suisse reiterated an Outperform rating on the company, setting a price target of **HK$67.4**. The bank cited large orders from major clients and the expected tape-out of the next-generation BR20X series in the third quarter, with a commercial release planned for the second half of the year. The move benefits from surging AI demand and semiconductor substitution trends.

The company previously raised approximately **HK$7.04 billion** through a placement to accelerate commercialization and production of its next-generation general-purpose graphics processing units (GPGPUs).

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**