https://www.scmp.com/rss/524818/feed Moore Threads Technology is a Chinese company that specialises in the design of graphics processing units (GPUs) used in high-powered computing, such as video games and artificial intelligence. The company was founded in Beijing in 2020 by Nvidia's former China manager Zhang Jianzhong, along with several former Nvidia engineers. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Minxiao Chang Minxiao Chang Chinese artificial intelligence company Zhipu AI open-sourced its latest flagship model, GLM-5.1, on Wednesday while raising application programming interface prices by 10 per cent, signalling a shift towards monetising advanced AI capabilities as competition with US rivals intensifies. The move marked Zhipu’s second price increase this year, following a broader overhaul in February that lifted rates for its coding subscription plans by more than 30 per cent. While the latest adjustment was more... https://www.scmp.com/tech/policy/article/3349422/chinas-zhipu-ai-open-sources-flagship-model-raises-prices-narrow-gap-us-rivals?utm_source=rss_feed https://www.scmp.com/tech/policy/article/3349422/chinas-zhipu-ai-open-sources-flagship-model-raises-prices-narrow-gap-us-rivals?utm_source=rss_feed Wed, 08 Apr 2026 13:00:27 +0000 Ben Jiang,Ann Cao Ben Jiang,Ann Cao Biren Technology and Iluvatar CoreX, two Chinese graphics processing unit (GPU) champions that are seen as potential alternatives to Nvidia, saw their revenues surge in 2025 amid China’s accelerated push for chip self-sufficiency, according to their first earnings reports since listing in January. Biren’s annual revenue surged 207.2 per cent from a year ago to 1.03 billion yuan (US$149 million), beating the consensus estimate of 954.5 million yuan, while its crosstown rival Iluvatar CoreX posted... https://www.scmp.com/tech/tech-trends/article/3348446/biren-iluvatar-corex-post-triple-digit-revenue-growth-losses-persist-ai-chip-race?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3348446/biren-iluvatar-corex-post-triple-digit-revenue-growth-losses-persist-ai-chip-race?utm_source=rss_feed Mon, 30 Mar 2026 14:45:09 +0000 Eunice Xu Eunice Xu As leading Chinese chip executives predict that autonomous AI agents will trigger an unprecedented explosion in computing demand, Hong Kong is accelerating efforts to expand its artificial intelligence computing capacity. Calling token consumption in the era of AI “far beyond our imagination”, Zhang Jianzhong, founder and CEO of graphics processing unit designer Moore Threads, said at an AI summit in Hong Kong on Saturday that the exponential surge in demand had made it impossible for anyone to... https://www.scmp.com/tech/tech-trends/article/3347609/surging-demand-ai-agents-fuels-hong-kongs-race-expand-computing-power?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3347609/surging-demand-ai-agents-fuels-hong-kongs-race-expand-computing-power?utm_source=rss_feed Tue, 24 Mar 2026 02:30:09 +0000 Coco Feng Coco Feng Cambricon Technologies, a Chinese semiconductor designer seen as a potential alternative to US giant Nvidia, will pay its maiden dividend after posting its first full-year profit since listing in 2020. Cambricon, dubbed “little Nvidia”, planned to distribute a cash dividend of 15 yuan (US$2.2) for every 10 shares held, totalling more than 632 million yuan, according to its filing to the Shanghai Stock Exchange on Thursday. Another 20 million yuan would be allocated for share buy-backs, taking... https://www.scmp.com/tech/article/3346447/cambricon-chinas-little-nvidia-pay-maiden-dividend-after-profitable-2025?utm_source=rss_feed https://www.scmp.com/tech/article/3346447/cambricon-chinas-little-nvidia-pay-maiden-dividend-after-profitable-2025?utm_source=rss_feed Fri, 13 Mar 2026 04:34:06 +0000 Ben Jiang Ben Jiang Chinese chip designers from Cambricon Technologies and Moore Threads Technology to MetaX Integrated Circuits posted stellar earnings on Friday, driven by growing demand for domestic semiconductors amid Beijing’s tech-sufficiency push. Beijing-based Cambricon, seen as a local alternative to US chip giant Nvidia, reported a net profit of 2.06 billion yuan (US$301 million) for 2025, its first full-year profit since listing in 2020, according to a filing to the Shanghai Stock Exchange. Revenue for... https://www.scmp.com/tech/article/3344927/chinese-chip-firms-cambricon-moore-threads-post-sales-jump-surging-domestic-demand?utm_source=rss_feed https://www.scmp.com/tech/article/3344927/chinese-chip-firms-cambricon-moore-threads-post-sales-jump-surging-domestic-demand?utm_source=rss_feed Fri, 27 Feb 2026 14:26:21 +0000 Ann Cao Ann Cao Semiconductor designer Moore Threads Technology has achieved full-stack compatibility between its flagship MTT S5000 graphics processing unit (GPU) and Alibaba Cloud’s Qwen3.5-series artificial intelligence models, as China’s tech self-reliance efforts gather pace. Beijing-based Moore Threads, founded by former Nvidia executive James Zhang Jianzhong, on Thursday said the firm’s flagship AI chip was now compatible with the three new models under the latest Qwen series – Qwen3.5-35B-A3B,... https://www.scmp.com/tech/tech-trends/article/3344877/moore-threads-flagship-ai-chip-compatible-alibaba-models-tech-self-reliance-push?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3344877/moore-threads-flagship-ai-chip-compatible-alibaba-models-tech-self-reliance-push?utm_source=rss_feed Fri, 27 Feb 2026 09:26:06 +0000 Vincent Chow Vincent Chow Chinese artificial intelligence company Zhipu AI’s shares fell nearly 23 per cent on Monday, wiping out more than HK$70 billion (US$9 billion) in market capitalisation as concerns mount over the Hong Kong-listed firm’s computing resources constraints. The stock slump came as Zhipu issued public calls last week to partner with computing resources providers globally, as user complaints about service quality continue to dog the firm despite frenzied investor interest in recent weeks. The shares... https://www.scmp.com/tech/tech-trends/article/3344344/chinese-ai-firm-zhipus-shares-tumble-nearly-23-computing-woes-user-complaints?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3344344/chinese-ai-firm-zhipus-shares-tumble-nearly-23-computing-woes-user-complaints?utm_source=rss_feed Mon, 23 Feb 2026 10:30:07 +0000 Wency Chen Wency Chen Artificial intelligence chip designer Enflame Technology on Wednesday entered the inquiry stage of its initial public offering, moving a step closer to joining a string of high-profile semiconductor sector listings on the Shanghai Stock Exchange’s technology-focused Star Market. The listing of the Shanghai-based unicorn is the next closely watched chip offering, as investor appetite for domestic AI chipmakers remains strong. In this explainer, the South China Morning Post examines the next steps... https://www.scmp.com/tech/article/3343336/will-chinese-ai-chip-designer-enflames-shanghai-ipo-be-another-blockbuster?utm_source=rss_feed https://www.scmp.com/tech/article/3343336/will-chinese-ai-chip-designer-enflames-shanghai-ipo-be-another-blockbuster?utm_source=rss_feed Fri, 13 Feb 2026 00:00:20 +0000 Vincent Chow Vincent Chow Chinese artificial intelligence company Zhipu AI has launched its latest flagship model, the GLM-5, with a leap in coding capabilities amid a heated race among Chinese tech firms to roll out major new models ahead of the Spring Festival holiday. Zhipu AI, known internationally as Z.ai, said that the GLM-5 represented a shift in AI development from “vibe coding” to “agentic engineering” – AI-automated coding at a larger scale – thanks to its latest model’s enhanced performance. The model’s... https://www.scmp.com/tech/article/3343239/chinas-zhipu-ai-launches-new-major-model-glm-5-challenge-its-rivals?utm_source=rss_feed https://www.scmp.com/tech/article/3343239/chinas-zhipu-ai-launches-new-major-model-glm-5-challenge-its-rivals?utm_source=rss_feed Wed, 11 Feb 2026 21:22:50 +0000 Julie Zhang Julie Zhang Stock exchanges in Shanghai, Shenzhen and Beijing – the three major bourses in mainland China – announced a package of measures on Monday to fast-track fundraising for cutting-edge firms amid the country’s self-reliance push in tech. The three operators said they would shorten waiting periods for listed technology firms filing for refinancing or post-initial-public-offering (IPO) fundraising activities, cutting the refinancing interval to as little as six months, according to state news agency... https://www.scmp.com/business/banking-finance/article/3343000/china-slashes-wait-times-loss-making-tech-firms-seeking-refinancing-fundraising?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3343000/china-slashes-wait-times-loss-making-tech-firms-seeking-refinancing-fundraising?utm_source=rss_feed Tue, 10 Feb 2026 03:26:47 +0000 Ann Cao Ann Cao Moore Threads – one of China’s domestic artificial intelligence chip champions – has entered the intensifying race for AI coding tools with the launch of a new service built on its latest graphics processing unit (GPU). The Beijing-based company on Tuesday unveiled its “AI Coding Plan”, a vertically integrated development suite that runs on a fully domestic hardware-to-model stack, marking a strategic push beyond chipmaking into developer-facing software services. AI coding has emerged as a key... https://www.scmp.com/tech/big-tech/article/3342398/moore-threads-sees-beyond-silicon-push-ai-coding?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3342398/moore-threads-sees-beyond-silicon-push-ai-coding?utm_source=rss_feed Wed, 04 Feb 2026 12:00:38 +0000 Coco Feng Coco Feng Enterprises across China’s semiconductor industry recorded hefty profit growth last year, according to their unaudited financial results, driven by the country’s artificial intelligence infrastructure buildout and Beijing’s push for tech self-reliance. Graphics processing unit (GPU) designer Cambricon Technologies on Friday reported a net profit of 2.2 billion yuan (US$316 million) in 2025, its first profitable year, on the back of “the continuous rise in computing power demand within the AI... https://www.scmp.com/tech/tech-trends/article/3341834/chinas-semiconductor-firms-post-hefty-2025-profits-amid-ai-boom-tech-self-reliance-drive?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3341834/chinas-semiconductor-firms-post-hefty-2025-profits-amid-ai-boom-tech-self-reliance-drive?utm_source=rss_feed Sat, 31 Jan 2026 06:00:19 +0000 Ann Cao Ann Cao The plans of Alibaba Group Holding and Baidu to list their semiconductor design units could intensify competition with other domestic artificial intelligence chip developers to unseat Nvidia as the country’s top supplier of high-performance AI processors, according to analysts. The two Chinese internet peers’ initiatives reflected the strong investor appetite for AI chip firms and growing demand for alternative computing resources in the domestic AI sector, as Beijing pushed for greater... https://www.scmp.com/tech/big-tech/article/3341048/alibaba-baidus-ipo-plans-ai-chip-design-units-heighten-chinas-self-reliance-drive?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3341048/alibaba-baidus-ipo-plans-ai-chip-design-units-heighten-chinas-self-reliance-drive?utm_source=rss_feed Sat, 24 Jan 2026 03:00:17 +0000 Mia Nurmamat Mia Nurmamat Private sector enterprises comprised 40 per cent of the top 100 listed Chinese companies by market value in the second half of last year, led by high-profile technology firms involved in China’s artificial intelligence (AI) boom, according to the Peterson Institute for International Economics. That represented an increase of 2.4 percentage points from the first half of last year, the Washington-based think tank said in a report released on Tuesday that also highlighted a marked rebound from a... https://www.scmp.com/economy/china-economy/article/3340856/chinas-private-sector-increases-presence-among-top-100-listed-companies?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3340856/chinas-private-sector-increases-presence-among-top-100-listed-companies?utm_source=rss_feed Thu, 22 Jan 2026 12:00:10 +0000 Ann Cao Ann Cao Moore Threads, one of China’s artificial intelligence chip champions, expects to report a tripling of revenue for 2025, reflecting how local semiconductor firms are expanding rapidly amid Beijing’s push for self-sufficiency. The company, founded in 2020 by Nvidia’s former China head Zhang Jianzhong, said it expected revenue to land between 1.45 billion yuan (US$208 million) and 1.52 billion yuan after surging between 231 per cent and 247 per cent compared with 2024, according to a stock exchange... https://www.scmp.com/tech/big-tech/article/3340836/chinese-ai-chipmaker-moore-threads-sees-tripling-revenue-amid-self-sufficiency-push?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3340836/chinese-ai-chipmaker-moore-threads-sees-tripling-revenue-amid-self-sufficiency-push?utm_source=rss_feed Thu, 22 Jan 2026 10:30:09 +0000 Zhang Shidong,Daniel Ren Zhang Shidong,Daniel Ren The valuation expansion that elevated Chinese stocks to world-leading gains last year will continue to galvanize equity financing by artificial intelligence companies in 2026 after a slew of eye-popping listings by key players, according to analysts. More AI players will capitalise on the rich valuations of mainland China’s technology boards to raise funds to drive research and expansion, as China and the US compete for dominance in the world’s cutting-edge technologies. After a solid run in... https://www.scmp.com/business/china-business/article/3339859/chinas-valuation-driven-stock-rally-ai-optimism-stretch-fundraising-frenzy-2026?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3339859/chinas-valuation-driven-stock-rally-ai-optimism-stretch-fundraising-frenzy-2026?utm_source=rss_feed Wed, 14 Jan 2026 08:18:19 +0000 Themis Qi,Aileen Chuang Themis Qi,Aileen Chuang Mainland chip designer GigaDevice Semiconductor jumped more than 37 per cent on its first trading day in Hong Kong on Tuesday, as the Beijing-based firm’s debut catered to investor appetite for tech companies amid China’s push for self-reliance. The firm’s shares surged 45 per cent to HK$235 at the start of trading, versus the offer price of HK$162, before ending the day up 37.5 per cent at HK$222.80. The close valued the company at around HK$155.2 billion (US$19.9 billion). Its Shanghai-listed... https://www.scmp.com/business/banking-finance/article/3339660/chip-designer-gigadevice-surges-45-hong-kong-debut-amid-chinas-self-reliance-drive?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3339660/chip-designer-gigadevice-surges-45-hong-kong-debut-amid-chinas-self-reliance-drive?utm_source=rss_feed Tue, 13 Jan 2026 02:00:14 +0000 Ann Cao Ann Cao Baidu and Huawei Technologies collectively accounted for more than 70 per cent of China’s market for cloud services built on home-grown graphics processing units (GPUs) in the first half of 2025, as home-grown artificial intelligence chips gain traction amid rising demand for computing power and a wave of public listing plans. The figures, published in a Frost & Sullivan report released on Sunday, defined “GPU cloud” providers as companies that controlled the full chip-to-cloud value chain –... https://www.scmp.com/tech/big-tech/article/3338800/baidu-and-huawei-tighten-grip-chinas-gpu-cloud-chipmakers-chase-ipos?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3338800/baidu-and-huawei-tighten-grip-chinas-gpu-cloud-chipmakers-chase-ipos?utm_source=rss_feed Mon, 05 Jan 2026 13:00:13 +0000 Zhang Shidong,Yulu Ao Zhang Shidong,Yulu Ao Initial public offerings (IPOs) in mainland China nearly doubled in 2025 from a year earlier after the securities regulator rolled back curbs on new listings and resumed approvals for pre-profit technology companies, in line with Beijing’s drive to replace imported tech products with home-grown alternatives. A total of 115 companies raised a combined 128 billion yuan (US$18.3 billion) from IPOs on the Shanghai, Shenzhen and Beijing exchanges last year, according to Bloomberg data. That eclipsed... https://www.scmp.com/business/china-business/article/3338143/turning-point-china-doubles-ipos-2025-amid-eased-curbs-drive-tech-innovation?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3338143/turning-point-china-doubles-ipos-2025-amid-eased-curbs-drive-tech-innovation?utm_source=rss_feed Sun, 04 Jan 2026 06:00:18 +0000 Aileen Chuang Aileen Chuang Shares of Shanghai Biren Technology jumped 82.1 per cent upon their debut on Friday in Hong Kong’s first listing of the year, as investors piled into the Chinese graphics processing unit (GPU) maker amid the artificial intelligence wave. The first of China’s up-and-coming GPU developers to list in Hong Kong, the company’s shares first changed hands at HK$35.70, up from the initial public offering (IPO) price of HK$19.60. The stock later more than doubled to HK$42.88 before ending the day 75.8... https://www.scmp.com/business/banking-finance/article/3338447/biren-shares-soar-hong-kong-investors-seize-chinas-first-gpu-start-list?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3338447/biren-shares-soar-hong-kong-investors-seize-chinas-first-gpu-start-list?utm_source=rss_feed Fri, 02 Jan 2026 01:40:22 +0000 Themis Qi Themis Qi Chinese artificial intelligence firm Zhipu AI kicked off a share sale on Tuesday to raise HK$4.35 billion (US$560 million), moving closer to becoming the first large language model (LLM) developer listed in Hong Kong amid a surge of technology initial public offerings (IPOs). The start-up, officially known as Knowledge Atlas Technology and marketed overseas as Z.ai, set its offer price at HK$116.20 for more than 37 million shares, with 10 per cent allocated to retail investors. The company plans... https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3338107/chinas-zhipu-ai-launches-us560-million-share-sale-hong-kongs-ipo-tech-race-heats?utm_source=rss_feed https://www.scmp.com/business/investor-relations/ipo-quote-profile/article/3338107/chinas-zhipu-ai-launches-us560-million-share-sale-hong-kongs-ipo-tech-race-heats?utm_source=rss_feed Tue, 30 Dec 2025 05:00:11 +0000 Aileen Chuang Aileen Chuang Shanghai Biren Technology has started bookbuilding for its Hong Kong initial public offering (IPO), aiming to raise up to HK$4.85 billion (US$624 million), as Chinese chipmakers rush to list amid rising investor interest. Biren, the mainland’s first graphics processing unit (GPU) developer to go public in Hong Kong, will start trading on January 2 – becoming the first new listing of 2026. The firm was offering 247.7 million shares between HK$17 and HK$19.60 each, according to its exchange filing... https://www.scmp.com/business/banking-finance/article/3337272/chinese-ai-chipmaker-biren-kicks-bookbuilding-us624-million-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3337272/chinese-ai-chipmaker-biren-kicks-bookbuilding-us624-million-hong-kong-ipo?utm_source=rss_feed Mon, 22 Dec 2025 04:29:32 +0000 Ben Jiang Ben Jiang Chinese chip designer Moore Threads Technology has unveiled a suite of new products, including its next generation of chip architecture and artificial intelligence chips as it looks to challenge US chip-making heavyweights Nvidia and AMD. The Beijing-based firm, hailed as China’s “little Nvidia”, introduced two forthcoming chips Huashan and Lushan, named after two famous Chinese mountains, at a developer conference in the Chinese capital on Saturday. The Huashan chip, designed for AI training... https://www.scmp.com/tech/tech-trends/article/3337217/moore-threads-unveils-new-ai-chips-challenge-nvidia?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3337217/moore-threads-unveils-new-ai-chips-challenge-nvidia?utm_source=rss_feed Sun, 21 Dec 2025 06:29:40 +0000 Eunice Xu Eunice Xu China is expected to remain the world’s biggest buyer of semiconductor manufacturing equipment through 2027, as domestic chipmakers keep expanding capacity under Beijing’s push for greater tech self-sufficiency, according to a new industry report. Sustained investment across both mature-node and leading-edge processes would keep China the largest market for chipmaking tools until at least 2027, industry association SEMI said. Even so, the association expects the pace to ease, with sales... https://www.scmp.com/tech/article/3336933/china-remain-worlds-biggest-buyer-chipmaking-equipment-through-2027-semi?utm_source=rss_feed https://www.scmp.com/tech/article/3336933/china-remain-worlds-biggest-buyer-chipmaking-equipment-through-2027-semi?utm_source=rss_feed Thu, 18 Dec 2025 23:00:11 +0000 SCMP Editorial SCMP Editorial The Biden administration pursued a strategy – once described as a “small yard, high fence” approach – of containing China technologically by denying it access to many types of powerful computer chips. Now, US President Donald Trump has relaxed the curbs. Leading American firms such as Nvidia, AMD and Intel will be allowed to sell some powerful artificial intelligence (AI) chips to China. Trump likes the deal because it entitles the US government to a share of the profits. His critics, though,... https://www.scmp.com/opinion/comment/article/3336739/export-curbs-or-not-trumps-america-cant-slow-chinas-tech-surge?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3336739/export-curbs-or-not-trumps-america-cant-slow-chinas-tech-surge?utm_source=rss_feed Wed, 17 Dec 2025 23:15:12 +0000 James Chai James Chai US President Donald Trump finally agreed to Nvidia CEO Jensen Huang’s plea that the company be allowed to sell H200s to China, estimated to be a US$10 billion opportunity. Although Trump claimed that Chinese President Xi Jinping responded “positively”, early signs indicate that China may want to limit H200s imports to reduce reliance on the US and develop domestic capability. The White House’s artificial intelligence (AI) tsar, David Sacks, said that China is rejecting H200s, and the Financial... https://www.scmp.com/opinion/china-opinion/article/3336487/us-export-controls-have-fuelled-chinas-ai-development?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3336487/us-export-controls-have-fuelled-chinas-ai-development?utm_source=rss_feed Wed, 17 Dec 2025 08:32:26 +0000 Zhang Shidong Zhang Shidong MetaX Integrated Circuits soared on its trading debut in Shanghai as investors piled into the second Chinese producer of graphics processing units (GPUs) to go public this month amid optimism about China’s push for self-sufficiency in semiconductors and artificial intelligence. The shares of the Shanghai-based company surged 693 per cent from the offer price to 829.90 yuan at the close on Wednesday on the technology-heavy Star Market, making the five-year-old company the third-best performing... https://www.scmp.com/business/china-business/article/3336690/metax-soars-frenzied-debut-traders-snap-second-chinese-gpu-maker-go-public?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3336690/metax-soars-frenzied-debut-traders-snap-second-chinese-gpu-maker-go-public?utm_source=rss_feed Wed, 17 Dec 2025 01:28:14 +0000 Ann Cao Ann Cao Beijing has greenlit Biren Technology’s initial public offering (IPO) in Hong Kong, as more Chinese artificial intelligence chip designers rush to go public amid heightened investor interest in these stocks. Biren, which designs high-performance graphics processing units (GPUs), received regulatory approval to list on the Hong Kong stock exchange, according to a China Securities Regulatory Commission filing on Monday. This was expected to put the company on track to become the first GPU... https://www.scmp.com/tech/tech-trends/article/3336658/biren-technologys-hong-kong-ipo-gets-green-light-chinas-ai-chip-firms-rush-list?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3336658/biren-technologys-hong-kong-ipo-gets-green-light-chinas-ai-chip-firms-rush-list?utm_source=rss_feed Tue, 16 Dec 2025 11:01:33 +0000 Wency Chen,Themis Qi Wency Chen,Themis Qi Chinese artificial intelligence chip designer MetaX Integrated Circuits will make its trading debut in Shanghai on Wednesday, according to a filing late on Monday, more than a week after industry peer Moore Threads Technology’s stellar listing on the city’s Star Market. Founded in Shanghai in September 2020 by former engineers at Advanced Micro Devices, MetaX priced its initial public offering at 104.66 yuan per share, which was expected to raise 4.2 billion yuan (US$596 million) from the sale... https://www.scmp.com/tech/tech-trends/article/3336611/metax-set-shanghai-debut-amid-market-frenzy-over-ai-chip-stocks-nvidia-uncertainty?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3336611/metax-set-shanghai-debut-amid-market-frenzy-over-ai-chip-stocks-nvidia-uncertainty?utm_source=rss_feed Tue, 16 Dec 2025 10:00:18 +0000 Brian Rhoads,Raymond Ma Brian Rhoads,Raymond Ma Chinese chip designer MetaX Integrated Circuits will start trading on Shanghai’s stock exchange on Wednesday following a massively oversubscribed initial public offering as the nation’s tech ambitions stoke investor appetite for semiconductor shares. Retail investors bid for nearly 3,000 times the stock available to them in the 4.2 billion yuan (US$600 million) IPO, according to a company filing. Shanghai-based MetaX, founded in 2020 by former Advanced Micro Devices employees, is viewed as one... https://www.scmp.com/plus/article/3336616/chinas-tech-ambitions-stoke-red-hot-chip-ipo-market?utm_source=rss_feed https://www.scmp.com/plus/article/3336616/chinas-tech-ambitions-stoke-red-hot-chip-ipo-market?utm_source=rss_feed Tue, 16 Dec 2025 09:04:12 +0000 Ann Cao Ann Cao The US approval for Nvidia’s H200 artificial intelligence processors will give China a much-needed boost in computing power rather than pose a direct threat to domestic chips, even though the US chip is more powerful than rivals from Huawei Technologies and Moore Threads, according to analysts. With a total processing performance (TPP) of 15,832, the H200 has surpassed all AI chips made by domestic vendors on the market so far as well as Nvidia’s H20, which was previously the most advanced... https://www.scmp.com/tech/big-tech/article/3336490/why-nvidias-h200-unlikely-derail-chip-ambitions-chinas-huawei-moore-threads?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3336490/why-nvidias-h200-unlikely-derail-chip-ambitions-chinas-huawei-moore-threads?utm_source=rss_feed Mon, 15 Dec 2025 11:00:09 +0000 Themis Qi Themis Qi China’s artificial intelligence still needs to improve in six aspects, from ecosystem to funding, but the emergence of DeepSeek has significantly boosted the sector’s confidence in overcoming US restrictions, according to a mainland venture capital firm. China and the US were the two top players in global AI development, with the former leading in humanoid robotics and open-source large language models, according to Zhou Qi, managing partner of GSR United Capital, which focuses on early-stage... https://www.scmp.com/business/china-business/article/3336241/chinas-ai-sector-poised-growth-despite-us-tech-restrictions-venture-capitalist-says?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3336241/chinas-ai-sector-poised-growth-despite-us-tech-restrictions-venture-capitalist-says?utm_source=rss_feed Mon, 15 Dec 2025 01:30:09 +0000 Zhang Shidong Zhang Shidong A more than eight-fold surge in the share price of Chinese graphics processing unit (GPU) maker Moore Threads Technology has prompted the newly listed company to warn investors that the gains may have run ahead of fundamentals. The Beijing-based chipmaker said in a statement to the Shanghai Stock Exchange on Friday that its shares could face the risk of declines after the rapid rally. There was no catalyst that needed to be disclosed and no material change in the company’s fundamentals, it... https://www.scmp.com/business/china-business/article/3336184/chinas-nvidia-warns-overheating-risks-after-723-share-surge?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3336184/chinas-nvidia-warns-overheating-risks-after-723-share-surge?utm_source=rss_feed Fri, 12 Dec 2025 06:15:35 +0000 Ji Siqi Ji Siqi Beijing’s push to advance the domestic chip industry will remain unchanged regardless of whether it allows Chinese companies to buy Nvidia’s H200, analysts said. Days after US President Donald Trump announced Washington would permit Nvidia to ship the chips to approved Chinese customers – on the condition that 25 per cent be “paid” to the United States – Beijing has yet to publicly state whether it will approve purchases. So far, the Ministry of Foreign Affairs has issued the only official... https://www.scmp.com/economy/china-economy/article/3336100/china-may-tap-nvidias-h200-ai-gains-domestic-chip-strategy-here-stay-analysts?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3336100/china-may-tap-nvidias-h200-ai-gains-domestic-chip-strategy-here-stay-analysts?utm_source=rss_feed Thu, 11 Dec 2025 13:00:18 +0000 Ann Cao Ann Cao Moore Threads Technology is set to launch its latest graphics processing unit (GPU) architecture next week, fresh from the Chinese artificial intelligence chip designer’s stellar trading debut last Friday in Shanghai. Founder, chairman and CEO Zhang Jianzhong will unveil the Beijing-based firm’s fifth-generation GPU architecture during its inaugural MUSA Developer Conference on December 19 and 20 in the nation’s capital, according to the company’s latest post on WeChat. MUSA refers to the firm’s... https://www.scmp.com/tech/tech-trends/article/3335900/chinas-moore-threads-unveil-ai-chip-road-map-rival-nvidias-cuda-system?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3335900/chinas-moore-threads-unveil-ai-chip-road-map-rival-nvidias-cuda-system?utm_source=rss_feed Wed, 10 Dec 2025 09:01:01 +0000 Ann Cao Ann Cao China’s artificial intelligence developers are expected to welcome Washington’s go-ahead for Nvidia to ship its H200 AI chips to approved customers on the mainland, according to analysts, even as Beijing continues to drive the country’s tech self-sufficiency efforts. In a post on his Truth Social platform on Monday, US President Donald Trump said he had informed his Chinese counterpart, Xi Jinping, of that decision “under conditions that allow for continued strong national security”. Xi had... https://www.scmp.com/tech/big-tech/article/3335802/tech-war-chinas-ai-developers-welcome-nvidias-h200-chip-shipments-analysts-say?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3335802/tech-war-chinas-ai-developers-welcome-nvidias-h200-chip-shipments-analysts-say?utm_source=rss_feed Tue, 09 Dec 2025 13:00:13 +0000 Wency Chen Wency Chen Chinese entrepreneur Liang Wenfeng, the founder and CEO of DeepSeek, appears to have made a big score from the initial public offering of chip designer Moore Threads Technology, whose shares surged more than fivefold in its trading debut in Shanghai. High-Flyer Quantitative Fund, a hedge fund co-founded by Liang, had subscribed to a total of 82,244 shares of Moore Threads, at 114.28 yuan per share, via two entities: Zhejiang High-Flyer Asset Management and Ningbo High-Flyer Quant Investment... https://www.scmp.com/tech/tech-trends/article/3335645/deepseek-founder-liang-wenfeng-cleans-chip-firm-moore-threads-shanghai-ipo?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3335645/deepseek-founder-liang-wenfeng-cleans-chip-firm-moore-threads-shanghai-ipo?utm_source=rss_feed Mon, 08 Dec 2025 13:00:21 +0000 Ann Cao Ann Cao Shanghai-based chip firm MetaX Integrated Circuits has emerged as the latest star in mainland China’s stock market, with the graphics processing unit (GPU) maker proving to be even more popular among retail investors than peer Moore Threads ahead of its trading debut. MetaX attracted 5.17 million retail investors for its online subscription, giving it a final allotment rate of 0.033 per cent, according to a stock exchange filing on Monday. Beijing-based Moore Threads drew 4.82 million retail... https://www.scmp.com/tech/big-tech/article/3335630/chinas-fever-ai-chip-stocks-persists-metax-draws-more-investors-moore-threads?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3335630/chinas-fever-ai-chip-stocks-persists-metax-draws-more-investors-moore-threads?utm_source=rss_feed Mon, 08 Dec 2025 11:30:08 +0000 Themis Qi Themis Qi Baidu has confirmed that it is weighing a spin-off and Hong Kong listing of its semiconductor arm, as a fresh wave of investor interest sweeps China’s chip sector. The search engine giant said on Sunday that Kunlunxin (Beijing) Technology was “in the process of the proposed spin-off and listing in Hong Kong, after reports that the unit planned to file an initial public offering no earlier than the first quarter of next year”. However, the company cautioned that there was “no assurance” that the... https://www.scmp.com/business/banking-finance/article/3335568/baidu-mulls-hong-kong-spin-kunlunxin-chip-unit-china-semiconductor-deals-surge?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3335568/baidu-mulls-hong-kong-spin-kunlunxin-chip-unit-china-semiconductor-deals-surge?utm_source=rss_feed Mon, 08 Dec 2025 05:57:17 +0000 Zhou Xin Zhou Xin Moore Threads, a five-year-old graphics processing unit (GPU) developer created by Nvidia’s former China chief, aspires to become one of the leading global players in artificial intelligence chip development, its founder and CEO Zhang Jianzhong said. Zhang, Nvidia’s China general manager from 2006 to 2020, was quoted as saying by the official Shanghai Securities Journal that the start-up would introduce a new-generation chip each year to provide key hardware for China’s AI development. “Our goal... https://www.scmp.com/tech/big-tech/article/3335337/chinas-little-nvidia-aspires-become-leading-global-player-after-shares-soar-468?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3335337/chinas-little-nvidia-aspires-become-leading-global-player-after-shares-soar-468?utm_source=rss_feed Fri, 05 Dec 2025 09:00:12 +0000 Zhang Shidong,Themis Qi Zhang Shidong,Themis Qi Moore Threads Technology surged by more than fivefold in Shanghai, as enthusiastic investors vied to get shares of the Beijing-based semiconductor supplier used in artificial intelligence, helping to mark the second-biggest trading debut in China’s stock market this year. Moore’s shares began trading at 650 yuan, a 468 per cent jump from their initial public offering (IPO) price of 114.28 yuan. The stock closed 425 per cent higher at 600.50 yuan. China’s benchmark CSI300 Index rose 0.8 per cent... https://www.scmp.com/business/banking-finance/article/3335269/moore-threads-stock-surge-fivefold-shanghai-debut-investors-rush-ai-chipmaker?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3335269/moore-threads-stock-surge-fivefold-shanghai-debut-investors-rush-ai-chipmaker?utm_source=rss_feed Fri, 05 Dec 2025 02:31:24 +0000 Iris Deng Iris Deng China’s Nvidia challengers Moore Threads and MetaX are set for their hotly anticipated market debuts, driven by investor excitement over domestic demand for home-grown graphics processing units (GPUs) amid Beijing’s tech self-sufficiency drive. Beijing-based GPU maker Moore Threads, which was 4,000 times oversubscribed after launching its 8 billion yuan (US$1.13 billion) initial public offering (IPO) last week, will be listed on Shanghai’s Nasdaq-style Star Market on Friday, according to a... https://www.scmp.com/tech/big-tech/article/3335192/chinas-nvidia-challengers-set-bumper-ipos-amid-tech-self-sufficiency-drive?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3335192/chinas-nvidia-challengers-set-bumper-ipos-amid-tech-self-sufficiency-drive?utm_source=rss_feed Thu, 04 Dec 2025 11:00:12 +0000 Wency Chen Wency Chen Chinese onshore investor frenzy for artificial intelligence chips has intensified, with the initial public offering (IPO) of Beijing-based graphics processing unit (GPU) maker Moore Threads drawing more than 4,000 times subscription from retail investors this week. The red-hot demand for Moore Threads highlights China’s determination to build home-grown alternatives to Nvidia’s chips, and is expected to accelerate listing plans for other domestic GPU developers, from MetaX to Biren... https://www.scmp.com/tech/big-tech/article/3334360/moore-threads-ipo-frenzy-fires-chinas-home-grown-gpu-drive?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3334360/moore-threads-ipo-frenzy-fires-chinas-home-grown-gpu-drive?utm_source=rss_feed Thu, 27 Nov 2025 13:00:14 +0000 Ann Cao Ann Cao Moore Threads Technology, a Chinese graphics processing unit (GPU) start-up founded by a veteran of Nvidia’s China operations, has become one of the most closely watched semiconductor players in the country, as domestic AI chip designers race to displace the US chip giant. The Beijing-based company last week received approval from the Shanghai Stock Exchange for an initial public offering (IPO). It took just 88 days from filing the application in June to receive approval, making it one of the... https://www.scmp.com/tech/big-tech/article/3327614/meet-moore-threads-how-former-nvidia-vice-president-created-chinese-gpu-star?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3327614/meet-moore-threads-how-former-nvidia-vice-president-created-chinese-gpu-star?utm_source=rss_feed Thu, 02 Oct 2025 23:00:08 +0000 Ann Cao Ann Cao Moore Threads Technology, a Chinese developer of graphics processing units (GPUs), on Friday received approval for an initial public offering (IPO) on Shanghai’s Nasdaq-style Star Market. Founded in 2020, Beijing-based Moore Threads plans to raise 8 billion yuan (US$1.1 billion) from its IPO, according to its prospectus. It took the company just 88 days from filing an application for an IPO in June to receiving regulatory approval from the Shanghai Stock Exchange. Moore Threads, which was added... https://www.scmp.com/tech/tech-trends/article/3327051/chinese-ai-chip-developer-moore-threads-gets-go-ahead-shanghai-ipo?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3327051/chinese-ai-chip-developer-moore-threads-gets-go-ahead-shanghai-ipo?utm_source=rss_feed Fri, 26 Sep 2025 14:53:36 +0000 Zhou Xin Zhou Xin DeepSeek has given China’s artificial intelligence (AI) push a shot in the arm, as the country’s chip developers and cloud service providers rush to support the start-up’s increasingly popular models. Moore Threads Technology, a graphics processing unit (GPU) design company created by former Nvidia China general manager Zhang Jianzhong, said in a WeChat post on Tuesday that it would “pay tribute to DeepSeek” by “using locally made GPUs to set China’s AI ecosystem on fire”. The chip firm said... https://www.scmp.com/tech/big-tech/article/3297346/tech-war-chinas-chip-firms-embrace-deepseek-ai-self-sufficiency-drive?utm_source=rss_feed https://www.scmp.com/tech/big-tech/article/3297346/tech-war-chinas-chip-firms-embrace-deepseek-ai-self-sufficiency-drive?utm_source=rss_feed Tue, 04 Feb 2025 23:00:09 +0000 Che Pan Che Pan A Chinese artificial intelligence (AI) chip designer, founded by a veteran of Nvidia’s mainland operations, has become a joint-stock company that paves the way for its initial public offering (IPO), even as the US continues to tighten tech restrictions. The capital base of Moore Threads Technology, a Beijing-based graphics processing unit (GPU) start-up, on October 29 swelled to 330 million yuan (US$46 million) from 24 million yuan previously, while its corporate status was changed to a... https://www.scmp.com/tech/tech-war/article/3286061/us-sanctioned-moore-threads-chinas-ai-chip-unicorn-moves-closer-possible-ipo?utm_source=rss_feed https://www.scmp.com/tech/tech-war/article/3286061/us-sanctioned-moore-threads-chinas-ai-chip-unicorn-moves-closer-possible-ipo?utm_source=rss_feed Mon, 11 Nov 2024 09:00:13 +0000