China Chip Startup EVAS Raises $295M on RISC-V Architecture Built for Export-Control Bypass

Chinese startup EVAS Intelligence, which develops chips on the RISC-V architecture, raised $295M on September 18, 2026. The company's valuation reached $2.21B; RISC-V is governed by a Swiss non-profit, placing it outside US export controls.

• EVAS Intelligence raised $295M on September 18, 2026
• Startup valuation reached $2.21B
• RISC-V is governed by a Swiss non-profit and avoids US restrictions
• Architecture allows bypassing chip export controls