Moore Threads AI Chipmaker's IPO: A Major Milestone

Moore Threads, a leading Chinese AI chipmaker, debuts on Shanghai stock exchange, raising funds for AI & graphics chip projects. Despite net loss, revenue surges 182% as market benefits from US tech restrictions & domestic substitution trend. Offering is second-largest of the year, valuing company at 123x offer price.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.