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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