Two Chinese chip companies want to grab cash from investors after America blocked their competition. Moore Threads and MetaX filed papers for stock market debuts at the Shanghai Stock Exchange. The companies hope to raise more than 12 billion yuan from eager buyers. American trade rules cut off Chinese access to top graphics cards. The ban created a perfect opening for homegrown rivals to jump into the market.
NVIDIA lost the right to sell their H20 chips inside China last year. Chinese tech giants like Tencent and Baidu started buying chips from local makers instead. Huawei stepped up with their Ascend processors for artificial intelligence work. Moore Threads built consumer cards called MTT S80 and MTT S70 for regular users. They also make professional versions named MTT S4000 and S5000 for heavy computing tasks.
Former American chip executives run both Chinese companies. Zhang Jianzhong leads Moore Threads after working at NVIDIA for many years. Chen Weiliang heads MetaX following his time at AMD designing graphics processors. The companies hired experienced engineers from top American firms. However, they still lag behind the research and development power of established rivals.
Trade restrictions hurt these Chinese manufacturers in some ways. The rules block them from buying advanced equipment and materials. American sanctions forced them to develop everything from scratch. The challenge also gives them a chance to build their domestic market. Chinese buyers might choose local products over foreign alternatives if they work well enough.
NVIDIA lost the right to sell their H20 chips inside China last year. Chinese tech giants like Tencent and Baidu started buying chips from local makers instead. Huawei stepped up with their Ascend processors for artificial intelligence work. Moore Threads built consumer cards called MTT S80 and MTT S70 for regular users. They also make professional versions named MTT S4000 and S5000 for heavy computing tasks.
Former American chip executives run both Chinese companies. Zhang Jianzhong leads Moore Threads after working at NVIDIA for many years. Chen Weiliang heads MetaX following his time at AMD designing graphics processors. The companies hired experienced engineers from top American firms. However, they still lag behind the research and development power of established rivals.
Trade restrictions hurt these Chinese manufacturers in some ways. The rules block them from buying advanced equipment and materials. American sanctions forced them to develop everything from scratch. The challenge also gives them a chance to build their domestic market. Chinese buyers might choose local products over foreign alternatives if they work well enough.
