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Benzinga
Benzinga
Business
Mohd Haider

Nvidia's Chinese Rivals Look To Cash In On US Tech Ban: Moore Threads, MetaX Plot $1.65 Billion IPO

MetaX Moore Threads Nvidia United States China Artificial Intelligence
China,Semiconductor,Industry,,Computer,Chips,Manufacturing,And,Artificial,Intelligence,Concept.

Two Chinese artificial intelligence chip startups, Moore Threads and MetaX, are planning to raise a combined 12 billion yuan ($1.65 billion) through initial public offerings (IPOs).

What Happened: The two companies are betting on the U.S. export restrictions to boost the demand for their products in China, Reuters reported.

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