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IBS Agrees to Acquire AI Chip Company for HK$563 Million
Oct 31, 2026
International Business Settlement Holdings agreed to acquire QuantumCompute Solutions, which holds a controlling stake in AI chip designer Shanghai Tianjing Fulian.
International Business Settlement Holdings, or IBS, agreed to acquire all of QuantumCompute Solutions for HK$563 million, the company said in an announcement. QuantumCompute Solutions will become a wholly owned subsidiary of IBS after the transaction closes.
QuantumCompute Solutions indirectly owns about 85.94% of Shanghai Tianjing Fulian. The Shanghai company designs low power AI system on chip products and integrated solutions for AI inference and edge computing.
Foxconn Industrial Internet owns a 5.56% stake in Shanghai Tianjing Fulian. The chip designer is also an authorized independent chip design house for MediaTek. IBS currently provides fintech and computing power services, and the acquisition will add AI chip design and edge computing operations.
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Whitepaper
Tensordyne Napier: What If One Rack Could Do the Work of Nine?
Tensordyne
This Tensordyne whitepaper presents Napier, an inference-focused AI processor and rack-scale system based on the company’s TDN Math logarithmic number system. It examines infrastructure requirements for large mixture-of-experts and agentic models, compares major inference architecture approaches, and details the TDN AIP processor, TDN72 pod, TDN Link fabric, and Napier Ultra configuration. The paper reports simulation-based performance, cost, and accuracy-validation results, including Tensordyne’s projected comparison of one Napier rack with a nine-rack Nvidia Rubin plus Groq deployment; the chip is reported as taped out and in fabrication.
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