·HSK 5

artificial intelligence
AI
AI
chip / microchip
xīnpiàn
芯片
company / corporation
gōngsī
公司
Cerebras Systems (AI chip company)
Cerebras
Cerebras
to seek / to pursue
xúnqiú
寻求
$26.6 billion
266 yì měiyuán
266亿美元
valuation / assessed value
gūzhí
估值
to go public / to list on stock exchange
shàngshì
上市
。

artificial intelligence

rén gōng zhìnéng

人工智能

chip / microchip

xīnpiàn

芯片

manufacturer / maker

zhìzào shāng

制造商

Cerebras Systems (AI chip company)

Cerebras

already

yǐ

已

toward / to

xiàng

向

United States / America

Měiguó

美国

Securities and Exchange Commission (SEC)

Zhèngquàn Jiāoyì Wěiyuánhuì

证券交易委员会

to submit / to file

tígōng

提交

to list on stock exchange / IPO

shàngshì

上市

application / filing

shēnqǐng

申请

，

target / goal

mùbiāo

目标

valuation / assessed value

gūzhí

估值

to reach / to achieve

dá

达

$26.6 billion

266 yì měiyuán

266亿美元

。

May 6, 2026 at 7:00 AM

United States

Měiguó

美国

artificial intelligence

rén gōng zhìnéng

人工智能

chip / microchip

xīnpiàn

芯片

manufacturer / maker

zhìzào shāng

制造商

Cerebras Systems (AI chip company)

Cerebras

at / on (formal time/place marker)

yú

于

May 4th

5 yuè 4 rì

5月4日

toward / to

xiàng

向

United States

Měiguó

美国

Securities and Exchange Commission (SEC)

Zhèngquàn Jiāoyì Wěiyuánhuì

证券交易委员会

to submit / to file

tígōng

提交

completed action particle

了

initial public offering / IPO

shǒucì gōngkāi mùgǔ

首次公开募股

application / filing

shēnqǐng

申请

。

this time / this offering

cǐ cì

此次

initial public offering

IPO

plan / to plan

jìhuà

计划

to raise (funds) / to collect

chóují

筹集

approximately / about

yuē

约

$3.5 billion

35 yì měiyuán

35亿美元

，

target / goal

mùbiāo

目标

valuation / assessed value

gūzhí

估值

to be / at (formal)

wéi

为

$26.6 billion

266 yì měiyuán

266亿美元

。

if / should (formal conditional)

ruò

若

successful / to succeed

chénggōng

成功

to go public / to list on stock exchange

shàngshì

上市

，

this will (future marker)

zhè jiāng

这将

to become

chéngwéi

成为

in recent years

jìnnián lái

近年来

largest in scale / biggest

guīmó zuì dà

规模最大

structural particle

的

semiconductor

bàndǎotǐ

半导体

initial public offering

IPO

one of

zhī yī

之一

。

the company / said company

gāi gōngsī

该公司

the year 2025

2025 nián

2025年

sales revenue / sales volume

xiāoshòu é

销售额

to grow / to increase

zēngzhǎng

增长

76 percent

76%

to / reaching

zhì

至

$290.3 million

2.903 yì měiyuán

2.903亿美元

，

and / also (formal connective)

bìng

并

from (turning point marker)

yóu

由

loss / operating at a loss

kuīsǔn

亏损

to shift to / to turn into

zhuǎnwéi

转为

profit / to be profitable

yínglì

盈利

。

Cerebras Systems (AI chip company)

Cerebras

with / and (formal)

yǔ

与

OpenAI (AI research company)

OpenAI

at / in (formal)

yú

于

January of this year

jīnnián 1 yuè

今年1月

to sign / to execute (a contract)

qiānshǔ

签署

completed action particle

了

one (measure word for contracts/documents)

yī fèn

一份

valued at over

jiàzhí yú

价值逾

$20 billion

200 yì měiyuán

200亿美元

structural particle

的

computing power / compute capacity

suànlì

算力

procurement / purchasing

cǎigòu

采购

agreement / contract

xiéyì

协议

。

according to / based on

gēnjù

根据

agreement / contract

xiéyì

协议

，

OpenAI (AI research company)

OpenAI

to commit / to promise

chéngnuò

承诺

at / in

zài

在

the year 2028

2028 nián

2028年

before / prior to

qián

前

to purchase / to procure

cǎigòu

采购

750 megawatts

750 zhàowǎ

750兆瓦

structural particle

的

Cerebras computing infrastructure

Cerebras

computing power / compute capacity

suànlì

算力

。

this time / this offering

cǐ cì

此次

initial public offering

IPO

passive marker

bèi

被

to be regarded as / to be seen as

shìwéi

视为

against / toward

duì

对

Nvidia (semiconductor company)

Yīngwéidá

英伟达

in / within

zài

在

artificial intelligence

hardware

yìngjiàn

硬件

market

shìchǎng

市场

dominant position / market leadership

zhǔdǎo dìwèi

主导地位

structural particle

的

most direct / most straightforward

zuì zhíjiē

最直接

public / openly

gōngkāi

公开

challenge / to challenge

tiǎozhàn

挑战

。

New Words

xīnpiàn

芯片

chip / microchip

shàngshì

上市

to go public / IPO

shǒucì gōngkāi mùgǔ

首次公开募股

initial public offering

gūzhí

估值

valuation

bàndǎotǐ

半导体

semiconductor

xiāoshòu é

销售额

sales revenue

zēngzhǎng

增长

to grow / growth

yínglì

盈利

profit / profitability

suànlì

算力

computing power

cǎigòu

采购

procurement

News in English

Science & Technology

AI Chip Maker Cerebras Seeks $26.6 Billion Valuation in Landmark IPO

AI chip maker Cerebras Systems has filed for an IPO targeting a valuation of $26.6 billion, aiming to raise $3.5 billion in what would be the largest semiconductor IPO in years.

US artificial intelligence chip manufacturer Cerebras filed an initial public offering application with the Securities and Exchange Commission on May 4th.

The IPO plans to raise approximately $3.5 billion, with a target valuation of $26.6 billion. If successful in going public, this would be one of the largest semiconductor IPOs in recent years.

The company's 2025 sales revenue grew 76% to $290.3 million, and it shifted from losses to profitability. Cerebras signed a computing power procurement agreement with OpenAI valued at over $20 billion in January of this year.

According to the agreement, OpenAI commits to purchasing 750 megawatts of Cerebras computing power before 2028. This IPO is regarded as the most direct public challenge to Nvidia's dominant position in the AI hardware market.

New Words

News in English

AI Chip Maker Cerebras Seeks $26.6 Billion Valuation in Landmark IPO

More in Science & Technology