Two Chinese AI chip startups, Moore Threads and MetaX, aim to raise a combined 12 billion yuan ($1.65 billion) through IPOs on Shanghai’s STAR Market. They anticipate U.S. restrictions on advanced chip exports will drive domestic demand, boosting local innovation and reducing reliance on foreign semiconductor technology.
Chinese AI Chip Firms Plan $1.65 Billion IPOs Amid U.S. Curbs
