China’s Nvidia challenger Moore Threads set for blockbuster Shanghai IPO

China’s Nvidia challenger Moore Threads set for blockbuster Shanghai IPO

By Staff Writer
Publication Date: 2025-11-25 02:22:00

Designer of artificial intelligence chips to raise $1.1bn at $7.6bn valuation

Chinese chip designer Moore Threads is in the final stretch of its listing on the Shanghai Stock Exchange’s tech-focused STAR market. © Reuters

WATARU SUZUKI

SHANGHAI — Investors are scrambling for a piece of China’s most anticipated initial public offering this year: a startup that aims to challenge Nvidia’s dominance in chips that power artificial intelligence.