Chinese AI Chipmakers Seeks $1.65B To Boost Local Demand

July 1, 2025

Catenaa, Tuesday, July 01, 2025- Two Chinese AI chip startups are seeking to raise a combined $1.65 billion in initial public offerings on the Shanghai Stock Exchange to boost local demand. Beijing-based Moore Threads plans to raise $1.12 billion, while Shanghai-based MetaX seeks $530 million, according to their IPO prospectuses filed on Monday. Their fundraising […]