Alibaba Cloud SUPPLY CHAIN TRACE

Quanta Computer

World's largest ODM by revenue; primary AI server manufacturer for Google, Meta, Amazon, and Microsoft

Foxconn Industrial Internet (FII)

Foxconn's AI server ODM division; assembles GPU clusters for hyperscalers and enterprise AI deployments globally

Vertiv

Critical power and thermal management for AI data centers

Huawei / HiSilicon

China's leading chip designer (Kirin mobile, Ascend AI); on US Entity List since 2019

YMTC

China's largest 3D NAND maker; Entity Listed Dec 2022, primarily serves domestic market

CXMT

China's leading DRAM maker, targeting DDR4/DDR5 at mature nodes without EUV

NVIDIA

Dominant AI GPU designer (H100, H200, B200)

Biren Technology

China's leading GPU startup; BR100 was TSMC-fabbed at 7nm but Biren was Entity Listed by BIS in Oct 2022, cutting off TSMC access and US EDA tools; now pivoting to domestic fabs

Cambricon

China's publicly listed AI chip designer (STAR Market); MLU-series accelerators used in domestic cloud and edge AI; Entity Listed Dec 2020, now fabbed at SMIC

Moore Threads

Fabless GPU designer founded by ex-NVIDIA China head Zhang Jianzhong; MTT S-series accelerators fabbed at SMIC on mature nodes (no TSMC access); listed on STAR Market Dec 2025 at a RMB 53.7B valuation, surging ~469% on debut

MetaX

Fabless GPU designer founded 2020 by ex-AMD engineers; C-series accelerators (C500/C600/C700) target HBM3e/FP8 AI training; listed on STAR Market Dec 2025, surging ~693% on debut; filed for a follow-on Hong Kong listing June 2026

Inspur Information

China's dominant AI-server ODM (52.3% of China's AI server market, Q1 2026), also top-5 globally; FY2025 revenue ~RMB 164.8B (+43% YoY); builds servers around both compliant NVIDIA chips and domestic GPUs (Huawei Ascend, Moore Threads, MetaX); Entity Listed March 2023

DeepSeek

Chinese AI lab backed by High-Flyer quant fund; developed DeepSeek-V3/R1 frontier models using restricted NVIDIA H800 + Huawei Ascend; disrupted global AI pricing in Jan 2025

Moonshot AI

Beijing LLM lab founded 2023 by ex-Meta/Google researcher Yang Zhilin; released the 2.8-trillion-parameter open-weight Kimi K3 in July 2026, the largest open model to date; accused by the White House of accessing banned Nvidia GB300 chips via Thailand

Zhipu AI

Tsinghua University KEG spin-out (2019) behind the GLM model family; Entity Listed Jan 2025, cutting off Nvidia H100/H200 access and forcing a pivot to domestic chips; first Chinese frontier AI lab to IPO, on HKEX Jan 2026