Chinese GPU and AI chip developer Moore Threads received official approval on September 26, 2025, to conduct an IPO on the tech-focused STAR Market of the Shanghai Stock Exchange. According to Bloomberg, the company plans to raise about 8 billion yuan (approximately $1.1 billion). This move is a landmark event for Chinas entire semiconductor industry. Amidst strict U.S. export restrictions that have cut off Chinese companies from advanced Nvidia chips, Beijing is actively stimulating the development of domestic alternatives. Moore Threads will direct the raised funds to accelerate research and development (R&D) of its next-generation GPUs and AI accelerators, as well as to scale up production. A successful IPO will allow the company to strengthen its position as one of the key national players striving to close the technological gap with Western leaders and to ensure Chinas sovereignty in critical computing technologies.
Chinese GPU Developer Moore Threads Gets Approval for Shanghai IPO
