Chinese AI chipmakers Moore Threads and MetaX target $1.65bn in IPOs amid US export curbs

  • Two Chinese graphics chip startups, Moore Threads and MetaX, are aiming to raise a combined $1.65 billion via listings on Shanghai's tech-focused STAR Market, according to a Reuters report. The move comes as US export controls on advanced semiconductors spur efforts to strengthen China's domestic capabilities in AI chipmaking.