Chipmaker’s market cap hits $43bn in Shanghai IPO
Moore Threads’ booth at an AI conference in Shanghai. The Chinese chipmaker is looking to make a splash in AI chips. (Photo by Tomoko Wakasugi)
WATARU SUZUKI
December 5, 2025 11:25 JST
SHANGHAI — Shares of Moore Threads, a Chinese chipmaker that aims to challenge Nvidia’s dominance, more than quintupled in its trading debut on Friday in the country’s most anticipated initial public offering of the year.