BUZZ-Nano Labs rises after chip startup investment

Reuters
28 Jan
BUZZ-Nano Labs rises after chip startup investment

** 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))

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