[News] China’s GPU Unicorn Moore Threads Reportedly Completes IPO Guidance, Edging Closer to Market Debut

Hailed as a homegrown alternative to NVIDIA, China’s Moore Threads has completed its IPO guidance, marking a key step toward a public listing, according to Chinese media outlets MyDrivers and IT Home.

As per IT Home, the Beijing-based GPU maker filed for a domestic IPO in November 2024. It is worth noting that its founder, James Zhang Jianzhong, previously served as NVIDIA’s global vice president and China general manager, according to ijiwei.

Analysts cited by MyDrivers note that that if Moore Threads successfully goes public, it would become China’s first true GPU stock. Another report from Sohu suggests that since its founding in 2020, the company—focused on full-feature GPU development—has successfully rolled out five generations of GPUs.

As of November 2024, Moore Threads has raised over RMB 4.5 billion across six funding rounds, backed by heavyweights like Shenzhen Capital Group, Sequoia China, ByteDance, and Tencent, MyDrivers reports. Riding the same wave, AI chip startups Biren Technology and Enflame have also launched IPO preparations, as Chinese markets warmly embrace chip innovators, according to the South China Morning Post.

Per another report from South China Morning Post in July, 2024, Moore Threads has upgraded the AI KUAE data center servers, with a single cluster connecting up to 10,000 GPUs. The KUAE data center server reportedly integrates eight MTT S4000 GPUs, designed for training and running large language models and interconnected using MTLink network technology, similar to NVIDIA’s NVLink.

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• [News] China’s AI Unicorn Moore Threads, Domestic Competitor to NVIDIA, Kicks off IPO Process

(Photo credit: Moore Threads)