Chinese GPU Startups Moore Threads and MetaX File for IPOs, Seeking a Combined $1.65B in Funding - SiliconANGLE

Nvidia's Chinese Rivals Look To Cash In On US Tech Ban: Moore Threads, MetaX Plot $1.65 Billion IPO - Alibaba Gr Hldgs (NYSE:BABA), Baidu (NASDAQ:BIDU)

Chinese GPU startups Moore Threads and MetaX file for IPOs, seeking a combined $1.65B in funding - SiliconANGLE

China’s domestic chipmaking industry is gaining momentum as U.S. sanctions on the export of advanced chips to that country accelerate local demand, prompting two of its major players to file for initial public offerings on the Shanghai Stock Exchange’s technology-focused STAR index. A report in Reuters says Beijing-based Moore Threads Technology Co. Ltd. and Shanghai-headqaurtered […] The post Chinese GPU startups Moore Threads and MetaX file fo…

Chinese A-Share IPO Filings Surges in June as Companies Rush Pre-Half-Year Deadline - YT FINANCE

Chinese A-share market's monthly IPO filings hit a new high for the year. In June, 147 companies filed for IPOs across the stock exchanges in Shanghai, Shenzhen and Beijing.

Chinese Chip Firms Say US Curbs Will Help Them, Plan Big IPOs

Chinese chip companies are hoping to earn billions of yuan from initial public offerings based on an expectation that demand for their products will rise because of US chip curbs. Moore Threads, which is based in Beijing, plans to raise 8 billion yuan, while MetaX, a Shanghai-based startup, is seeking to raise close to 4 billion yuan – about 12 billion yuan ($1.65 billion) in total via IPOs when they list on Shanghai’s tech-focused STAR market, …