Lu Shan, the former RISC-V and server chip project leader at TikTok parent company ByteDance, has established his own chip company Blue Core Computing Power (our translation). The firm reportedly aims to develop RISC-V CPUs for data centers, Chinese media outlet LatePost reported on Tuesday. Blue Core is currently preparing for its first round of financing, with a pre-money valuation of over $100 million, the report added. Lu worked at Intel and Qualcomm prior to his move to ByteDance in 2019, accumulating ten years of chip-related experience. RISC-V is an open instruction set architecture (ISA) rooted in reduced instruction set computer (RISC) principles that developers can utilize to design higher performance CPUs for mobile phones and data center servers. [LatePost, in Chinese]