Xiangdixian Computing Technology

About Xiangdixian Computing Technology

Xiangdixian Computing Technology, a chip design firm established in Chongqing in September 2020, focuses on the development of high-performance Graphics Processing Units (GPUs). The company was founded by Tang Zhimin, a veteran of the Chinese semiconductor industry with previous leadership roles at Loongson Technology and Hygon Information Technology, both involved in microprocessor design. His background includes a Ph.D. from the Institute of Computing Technology (ICT), Chinese Academy of Sciences, and extensive experience in computer architecture, which has been central to the development of several indigenous Chinese CPU and GPU chips.

The company's primary business involves designing high-performance, low-power generic CPU/GPU chips and related specialized products for desktops, workstations, and edge computing. Its product line is aimed at applications in desktop display systems, data center construction, AI computing, and cloud computing. Xiangdixian developed the "Tianjun No. 1" and "Tianjun No. 2" GPUs, based on its proprietary Pangu architecture. The Tianjun No. 1 was announced as a 12-nanometre GPU intended to fill a gap in the domestic market, with capabilities for graphics rendering, video encoding/decoding, and computation acceleration. The Tianjun No. 2 focuses on multi-screen ultra-high-definition displays, supporting up to four 4K displays simultaneously. The company's business model appears to be fabless, concentrating on the design and R&D of these chips while relying on external foundries for manufacturing.

Despite being recognized as a "Unicorn Enterprise" by Chongqing in April 2024, the company has faced significant financial distress. In late August 2024, reports emerged that Xiangdixian was terminating contracts with over 400 employees due to a cash shortage. This situation arose from the company's failure to secure a promised 500 million yuan in Series B financing, which led to a lawsuit from shareholders and the freezing of its bank accounts. While the company has denied rumors of complete dissolution and stated it is undergoing organizational restructuring to reduce costs, it has acknowledged market adjustment pressures and is actively seeking new funding.