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Euronews
Euronews
Una Hajdari

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

Moore Threads China United States Nvidia Beijing IPO

A leading Chinese AI chipmaker, Moore Threads, shot up by 425% in its Shanghai trading debut after raising 8 billion yuan (€970 million), marking the biggest first-day pop for a major IPO.

It marks one of the largest offerings since China overhauled its listing rules in 2019, when Beijing introduced a Nasdaq-style registration system on its STAR Market to make it easier for high-tech companies to go public.

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