Moore yarns

China’s bet on home-grown chips pays off with successful debut of Moore Threads

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China’s bet on home-grown chips pays off with successful debut of Moore Threads

Leading Chinese AI chipmaker Moore Threads surged 425% in debut trading in Shanghai after raising 8 billion yuan (€970 million), marking the biggest first-day pop for a major IPO. It marks one of the biggest deals since China overhauled its listing rules in 2019, when Beijing introduced a Nasdaq-style listing system on its STAR Market … Read more

China Chipmaker Moore Threads Rises 469% After $1.1 Billion IPO

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China Chipmaker Moore Threads Rises 469% After .1 Billion IPO

(Bloomberg) — Moore Threads Technology Co., a leading Chinese artificial intelligence chipmaker, surged in debut trading in Shanghai after raising 8 billion yuan ($1.13 billion) in the year’s second-biggest on-shore IPO. More Read from Bloomberg The firm’s stock rose as much as 502% after being sold at 114.28 yuan a piece during the initial public … Read more