TMTPOST — Chinese high-power artificial intelligence chip developer Yizhu Technology announced Thursday that it has successfully completed a funding round exceeding 1 billion yuan ($137.6 million), with plans to initiate its next financing phase immediately. The significant capital injection drew a diverse consortium of institutional backers, including prominent early-stage science and technology venture funds, notable state-owned capital platforms, direct industrial clients, and international investment firms. The cap table was further bolstered by early-stage backers of listed graphics processing unit (GPU) manufacturers and corporate venture capital (CVC) arms of major publicly traded entities. Capital is flowing selectively toward platform developers capable of pioneering advanced computing architectures amid intensifying global silicon constraints and soaring data center demands on the Chinese mainland. As the domestic market seeks alternative processing solutions to power massive artificial intelligence models, investor appetite is consolidating around early-stage designers who can offer localized, highly scalable high-performance hardware. For institutional investors and semiconductor sector analysts, this massive multi-entity funding round highlights the strategic priority placed on diversifying the supply chain for advanced AI silicon and accelerating the commercialization of homegrown compute clusters.