Nano Labs Launches New Product Cuckoo3.0 Chip with Significant Improvements in Performance and Energy Efficiency

Rhea-AI Summary

Nano Labs announced the launch and mass production of its latest Cuckoo3.0 chip. This new chip marks a significant upgrade from its predecessor, the Cuckoo2.0, with an impressive single-core computing power of 1.2GH/s, which is approximately four times higher in performance. Additionally, the Cuckoo3.0 improves energy efficiency by 83%, consuming only 0.14W/MHash. These advancements are expected to be integrated into Nano Labs' next-generation V series products, bolstering their technology offerings in the Web3.0 industry.

Positive

• Cuckoo3.0 chip offers a single-core computing power of 1.2GH/s, quadrupling the performance of Cuckoo2.0.
• Energy consumption of Cuckoo3.0 is significantly reduced to 0.14W/MHash, marking an 83% improvement in energy efficiency.
• Mass production of Cuckoo3.0 indicates readiness for market deployment and potential revenue generation.
• New chip expected to enhance next-generation V series products, strengthening Nano Labs' position in the Web3.0 industry.

Negative

• No detailed financial data provided, making it difficult to assess the immediate financial impact.
• Potential risks associated with the adoption and market reception of the new chip are not addressed.
• Absence of information on the cost of production and pricing strategy could impact profit margins.

HANGZHOU, China, May 21, 2024 /PRNewswire/ -- Nano Labs Ltd (Nasdaq: NA) ("we," the "Company" or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China, today announced that it has launched its latest generation in the Cuckoo series, Cuckoo3.0 chip and achieved the mass production. Cuckoo3.0 represents a significant leap in performance and energy efficiency compared to its predecessor, the Cuckoo2.0 chip.

With an outstanding single-core computing power of 1.2GH/s, Cuckoo3.0 boasts approximately four times the functional performance of Cuckoo2.0. Additionally, its single-core energy consumption has been drastically reduced to 0.14W/MHash, marking an 83% improvement in energy efficiency. Cuckoo3.0 is expected to be integrated into the Company's next-generation V series products, reinforcing the Company's commitment to pushing the boundaries of technology in the Web3.0 industry.

About Nano Labs Ltd

Nano Labs Ltd is a leading fabless integrated circuit ("IC") design company and product solution provider in China. Nano Labs is committed to the development of high throughput computing ("HTC") chips, high performance computing ("HPC") chips, distributed computing and storage solutions, smart network interface cards ("NICs") vision computing chips and distributed rendering. Nano Labs has built a comprehensive flow processing unit ("FPU") architecture which offers solution that integrates the features of both HTC and HPC. For more information, please visit the Company's website at: ir.nano.cn.

Forward-Looking Statements

This report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company's plan to appeal the Staff's determination, which can be identified by terminology such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Risks and uncertainties that may cause such differences include, among other things: satisfaction of customary closing conditions related to the offering and the sale of the securities and Nano Lab's ability to complete the offering. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

For investor and media inquiries, please contact:
Nano Labs Ltd
Email: ir@nano.cn

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/nano-labs-launches-new-product-cuckoo3-0-chip-with-significant-improvements-in-performance-and-energy-efficiency-302151270.html

SOURCE Nano Labs Ltd

FAQ

What is the performance improvement of Nano Labs' Cuckoo3.0 chip?

The Cuckoo3.0 chip offers about four times the functional performance compared to its predecessor, Cuckoo2.0, with a single-core computing power of 1.2GH/s.

How much energy does the Cuckoo3.0 chip consume?

The Cuckoo3.0 chip consumes 0.14W/MHash, which is an 83% improvement in energy efficiency compared to Cuckoo2.0.

When was Nano Labs' Cuckoo3.0 chip announced?

Nano Labs announced the Cuckoo3.0 chip on May 21, 2024.

What industry will benefit from the Cuckoo3.0 chip?

The Cuckoo3.0 chip is expected to benefit the Web3.0 industry through its integration into Nano Labs' next-generation V series products.

What is the stock symbol for Nano Labs?

The stock symbol for Nano Labs is NA.