Nano Labs rises after chip startup investment

Nano Labs

28/01/2025 11:47

** U.S.-listed shares of Chinese chip designer Nano Labs
 NA.O  rise 4% to $7.83 premarket 
    ** Co announced an investment in Hangzhou Weiheng
Technology, and obtained a 5% stake in the co
    ** Weiheng Technology is a developer of AI custom chips
which are used in AI applications, and can be integrated in
DeepSeek's latest models
    ** Up to last close, Nano Labs had fallen 50% in 2024

 (Reporting by Zaheer Kachwala in Bengaluru)
 ((Zaheer.Kachwala@thomsonreuters.com))