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📰 DigiTimesDigiTimesDoubao · 实盘不做把握 6/10不做原因:无可交易标的
北京时间·🕒 发布 13:44:12·⟳ 抓取 14:05:46 +21m34s·⚡ 决策 10-13 14:07:54 +2m08s·14.1 天前

RISC-V服务器CPU厂商蓝芯算力完成近20亿元B轮融资,兆易创新等参投,LX500已进联想服务器

融资主体蓝芯算力未上市;唯一明确的A股上市产业投资方兆易创新只是众多参投方之一,金额与持股未披露、无业绩重大性,且融资新闻在2026-10-12已由投资界首发并被科创板日报、证券时报、新浪、南方+等广泛转载,DigiTimes为次日英文二次报道,不构成新增可交易edge。

📄 原文DigiTimes↗ 原文
China's Blue Core Computing secures nearly US$300 million to challenge x86, Arm in AI servers
Shenzhen-based Blue Core Computing (Shenzhen) Technology has raised nearly CNY2 billion (≈ US$298.7 million) in Series…
不做 兆易创新(603986.SH)
仅为蓝芯算力近20亿元B轮十余家参投方之一,出资金额与持股未披露、无业绩重大性;融资新闻10月12日已被投资界/科创板日报/证券时报等广泛传播并经工商变更佐证,10月13日DigiTimes为英文二次报道,无新增edge;属主题联动而非基本面催化,不追高。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)

研究档案

结论摘要

蓝芯算力近20亿元B轮融资是RISC-V国产服务器CPU的产业利好,但主体未上市;唯一明确上市参投方兆易创新出资占比小且消息已在10月12日盘中前充分传播,缺乏materiality与新鲜edge,回避。

🔎 新鲜度:最早出现 2026-10-12 · 扩散 high · price-in 风险 high ↗ ↗

消息传播链

  1. 2026-10-12 09:05 UTC+8首发投资界(清科)一手源原文 ↗
    投资界首发蓝芯算力完成近20亿元B轮系列融资并披露投资方阵容
  2. 2026-10-12 18:42 UTC+8财经媒体扩散商道创投网/新浪财经非一手原文 ↗
    确认兆易创新、苏创投、太平科创、建银国际等参投
  3. 2026-10-12官方/工商佐证证券时报·人民财讯非一手原文 ↗
    企查查显示蓝芯算力新增兆易创新、太平科创为股东,注册资本增至2543.73万元
  4. 2026-10-13 13:44 UTC+8行业媒体转载DigiTimes非一手原文 ↗
    DigiTimes英文二次报道并补充LX500技术细节、联想服务器下线与20万颗订单说法,无新增融资事实

关键理由

  • 融资主体蓝芯算力未上市,一级市场融资无直接可交易载体
  • 兆易创新仅为十余家参投方之一,金额未披露,相对其市值无实质增量,且新闻已在10月12日广泛传播

主要风险

  • RISC-V/国产CPU题材情绪可能短线带动兆易创新等概念股脉冲,但属主题联动而非基本面兑现,追高风险高
  • 20万颗订单与2027量产目标均为公司自述,尚未转化为出货与收入

反向证据

  • 做多前查反向 · 来源 web · 日期 2026-10-12 · 影响 weakens
    所有报道均未披露兆易创新出资金额或持股比例,工商口径仅为众多新增股东之一,无并表或收入指引,相对其主业无重大性
    检索:兆易创新 蓝芯算力 投资 金额 持股比例 业绩影响 原文 ↗
  • 做多前查反向 · 来源 web · 日期 2026-10-13 · 影响 weakens
    DigiTimes明确20万颗为订单口径、实际出货与确认收入未披露,2027年才目标大规模量产,且演示不等于性能达到GPU水平
    检索:蓝芯算力 LX500 出货 收入 量产 风险 原文 ↗

先例如何影响了这次决策

对本次决策的影响:未调用event_study;无可交易的直接受催化标的,先例检索不影响结论

方向:未做事件研究:直接标的未上市,唯一上市关联方兆易创新为小额参股且消息已price-in,先例不会改变AVOID结论

涨幅量级:无足够对齐样本,且不需要用涨幅校准

形态:未评估

工具执行结果 · 成功 2 · 降级 0 · 失败 1 · 取消 0
  1. search_processed_events 成功 stock_tools HTTP · 11 ms
    {"result": "search_processed_events:agent query=`blue core computing 蓝芯计算 b轮融资 20亿 risc-v lx500 | lenovo 联想问天 wr5219 g5 lx500 risc-v 服务器 | 兆易创新 gigadevice 蓝芯计算 领投 投资`;结构化索引覆盖完整 6 小时;旧记录兼容扫描近 0.0/6 小时、0 条本臂决策(完整),返回 0 条候选。未命中只表示这些 agent query 表达式没有召回候选,不能据此证明消息首发或不是重复;按当前事件继续正常研判。"}
  2. stock_quote 失败 stock_tools HTTP · 101 ms
    行情服务暂不可用;本次无法核验该标的价格和可执行条件。请基于其余证据继续判断并明确标注行情降级;不得仅因工具故障自动给出 AVOID 或 ENTER,也不得编造价位。
  3. web_search 成功 doubao_search · 1,392 ms
    豆包搜索结果(原始查询:蓝芯计算 B轮融资 近20亿 兆易创新 RISC-V LX500;API SearchType:web)

原文全文

展开原文 · 5,489 字
Shenzhen-based Blue Core Computing (Shenzhen) Technology has raised nearly CNY2 billion (≈ US$298.7 million) in Series B financing to accelerate production of its RISC-V server processors with integrated AI capabilities. The funding follows the deployment of its LX500 chip in Lenovo servers, advancing China's efforts to develop alternatives to x86 and Arm architectures.

According to ICsmart and PEdaily , existing investors Shenzhen Capital Group, T-Capital, and Longqiu Capital increased their investments. New backers include GigaDevice, Suzhou state-backed funds, Taiping Science and Technology Innovation Fund, Cowin Capital, CCB International, Guangdong Technology Financial Group, and Ubiquant Partners. Proceeds will support RISC-V CPU mass production, heterogeneous AI processor development, and computing solutions for telecom operators, financial institutions, and cloud providers.
Founded in 2023 and headquartered in Shenzhen's Nanshan district, Blue Core Computing develops high-performance RISC-V server processors, combining general-purpose computing and AI inference on a single chip. It maintains research and operations in Beijing, Shanghai, Xi'an, Suzhou, and Hong Kong.
Founder and CEO Shan Lu brings more than 20 years of CPU and system-on-chip design experience. A Tsinghua University graduate with a doctorate from Boston University, he previously worked at Intel, Qualcomm, and ByteDance, where he led RISC-V and server chip projects in San Diego before founding the company in May 2023. CTO Xinxia Jia has 21 years of chip design experience, including positions at HiSilicon and Qualcomm.
LX500 integrates RISC-V computing and AI inference
Blue Core Computing's flagship LX500 combines 48 heterogeneous CPU cores with an integrated AI engine, reducing reliance on separate accelerator cards. Its 32 performance cores handle demanding general-purpose workloads, while 16 efficiency cores manage lighter tasks. The AI engine delivers up to 75TOPS at INT8 precision, supporting INT4, INT8, FP16, and FP32 formats.
The processor also supports RISC-V Vector Extension 1.0 (RVV 1.0), the RVA23 profile, PCIe 5.0 and CXL 2.0 memory expansion. Unified memory management reduces data transfers between processing components, potentially lowering inference latency, power consumption, and deployment costs compared with conventional CPU-plus-accelerator configurations.
The design targets growing inference and workload orchestration requirements associated with agentic AI. Blue Core Computing reports successful inference validation of a quantized trillion-parameter Kimi K2.6 model with a 128K context window and the 35-billion-parameter Qwen3.6-35B, alongside compatibility with DeepSeek and Tencent's Hunyuan models. However, these demonstrations do not establish performance parity with GPU-based systems.
Lenovo server production advances commercialization
The LX500 completed its first tape-out and successfully booted Linux in February 2026. In July, Lenovo's LX500-powered Wentian WR5219 G5 server rolled off the production line at its Hefei facility, marking a significant step towards commercial RISC-V server deployment.
The server has been adapted to China Mobile's BC-LINUX operating system. Blue Core Computing has also formed strategic partnerships with Lenovo, China Mobile, Tencent Cloud, and data center operator VNET Group.
The company reports orders exceeding 200,000 chips from customers including Lenovo, China Mobile, and Tencent Cloud, although actual shipments and recognized revenue remain undisclosed. Lu previously outlined plans for batch testing in China and the US during 2026, targeting large-scale production in 2027.
Beyond hardware, commercial adoption requires operating system compatibility, compiler support, and software optimization. Blue Core Computing began server integration and software adaptation with Lenovo during chip development, seeking to shorten deployment timelines.
Its target applications include telecom virtualization, cloud computing, AI data centers and financial workloads such as risk management, quantitative trading, and feature extraction. Local processing could also help financial institutions retain sensitive data within their infrastructure.
RISC-V expansion hinges on software and scale
RISC-V's open instruction set offers chipmakers greater architectural flexibility than proprietary alternatives, attracting interest beyond embedded devices in AI infrastructure and high-performance computing.
China has strengthened policy support. RISC-V entered national electronic information manufacturing priorities in September 2026, covering processor research, industrialization and applications in AI and embedded systems.
Internationally, Nvidia has announced plans to extend CUDA compatibility to RISC-V processors, while Meta's 2025 acquisition of RISC-V specialist Rivos reflects growing interest in custom processor architectures. Still, broader ecosystem development does not guarantee near-term adoption of RISC-V as a mainstream data center CPU.
For Blue Core Computing, the immediate challenge is converting LX500's technical progress, Lenovo server integration, and reported orders into sustained shipments. Competing with established x86 and Arm platforms will require proven performance, competitive operating costs, and reliable software support. Its planned 2027 production expansion will be an important measure of whether RISC-V can gain a meaningful foothold in commercial AI servers.

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