China's GPU Makers Moore Threads and MetaX May Go Public to Face US Limits
China's GPU companies, Moore Threads and MetaX, may start to sell shares soon in what's called Initial Public Offerings (IPOs). This plan comes as more people want their products. The move aims to get more money and make China's GPU business stronger because the U.S. won't sell some tech items to China.
Looking for Funds to Grow at Home
These two firms plan to sell shares in the Shanghai Stock Market to gather more than 12 billion yuan (around $1.65 billion). They want to use this money to speed up their work and give China good options to use instead of GPUs from other lands. This challenges the effects of U.S. bans.
Making the Most of a Market Change
New U.S. bans, like stopping the sale of NVIDIA's H20 AI gears in China, have opened doors for makers in China. Companies such as Huawei are doing well; big tech groups like Tencent and Baidu use their Ascend AI chips.
Also, Moore Threads is making new items for both regular users, with MTT S80 and S70 GPUs, and for big work needs with MTT S4000 and S5000 gears.
Leaders with Experience Facing Tough Tech Jobs
Moore Threads' head, Zhang Jianzhong, used to work at NVIDIA, and MetaX's boss, Chen Weiliang, was a top GPU designer at AMD before. They both know a lot about this area, but they still have to work hard to reach the top tech levels that big names like NVIDIA and AMD have set.
In the end, though the U.S. meant for the bans to hold China back, they seem to be pushing China's GPU work to grow more, maybe changing how competitive things get within the country.
