Biren (6082.HK): AI chips at strong ramp up; triple digit revenues growth through 2028E; Buy We expect Biren's next-generation AI chipset, BR20X, to start contribution in 2H26, with enhanced computing density, memory capacity and bandwidth, and interconnect capability, supporting the FP8 / FP4 computation, driving the company's product mix upgrade. The BR20X series SuperPod could realize the scale-up to thousand-card-scale, empowering large-scale parallel computing. Higher computing efficiency remains the c ...