Nano Labs (NASDAQ: NA) acquires stake in AI chip developer Weiheng Tech

Nano Labs Ltd said on Tuesday that it has acquired a 5% share in Hangzhou Weiheng Technology Co Ltd, a firm specializing in the development of artificial intelligence (AI) chips, positioning Nano Labs to capitalize on the growing AI technology sector, particularly in edge and endpoint computing.

Dr. Jianping Kong, Chairman and CEO of Nano Labs, commented, “The evolution toward cost-performance optimization and practical deployment is expected to accelerate the adoption of AI models across industries such as consumer electronics, embodied intelligence, and intelligent vehicles, propelling the sector toward smarter and more efficient solutions. Looking ahead to 2025, AI technology is poised to spark a new wave of applications in endpoint computing, unlocking vast market potential. With its innovative technologies, our invested startup is well-positioned to thrive in this wave, seize greater opportunities, and continue driving global technological progress.”

Weiheng Technology’s expertise lies in creating AI-focused ASIC compute-storage chips, which are essential for large AI models and can be incorporated with DeepSeek’s latest offerings. These products are considered crucial for a range of applications, including consumer electronics, embodied intelligence, and intelligent vehicles.

“Looking ahead to 2025, AI technology is poised to spark a new wave of applications in endpoint computing, unlocking vast market potential. With its innovative technologies, our invested startup is well-positioned to thrive in this wave, seize greater opportunities, and continue driving global technological progress,” Jianping Kong, Chairman and CEO of Nano Labs said in a press release.

The investment in Weiheng Technology is indicative of Nano Labs’ strategic approach to expanding its influence in the AI sector.