Skip to main content
Holiday Sale — Get 40% off Vantage for yourself or as a gift
Published loading...Updated

MetaX shares rocket 700% in debut as China AI chips push gathers speed

MetaX's shares surged 569% on debut after raising 4.2 billion yuan, reflecting strong investor demand amid China's semiconductor self-sufficiency push, data shows.

  • Shares of Chinese chipmaker MetaX Integrated Circuits soared over 700% in their market debut in Shanghai on Wednesday after the company raised nearly $600 million in its initial public offering .
  • MetaX develops graphics processing units for artificial intelligence applications, tapping into a fast-growing sector driven by China's push to reduce dependence on U.S. chips amidst Washington's tech export curbs.
  • MetaX's robust debut follows that of local rival Moore Threads, reflecting investor enthusiasm for China's ambitions in using domestically made chips to power AI applications and services.
Insights by Ground AI

13 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 50% of the sources are Center
50% Center

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Bloomberg broke the news in United States on Tuesday, December 16, 2025.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal