China's Moore Threads plans IPO amid US tech sanctions
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Chinese chip designer Moore Threads is gearing up for an IPO amid ongoing U.S. technology sanctions.
China's Moore Threads plans IPO amid US tech sanctions
Founded by a former Nvidia executive, the company has transformed into a joint-stock entity and raised its capital to 330 million yuan, roughly US$46 million.
Investors interested in the IPO
The Beijing-based startup is drawing interest from both private and government investors as China intensifies efforts to boost domestic production of advanced chips in response to U.S. restrictions on Nvidia GPUs used for AI training.
