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BTCC / BTCC Square / Global Cryptocurrency /
MetaX IPO Ignites Frenzy in China’s AI Chip Sector

MetaX IPO Ignites Frenzy in China’s AI Chip Sector

Author:
Global Cryptocurrency
Published:
2025-12-17 00:32:01
19
1
BTCCSquare news:

MetaX Integrated Circuits Shanghai Co. debuts Wednesday after raising $585.8 million in an oversubscribed IPO, with retail demand eclipsing even Moore Threads Technology Co.'s recent record. The 2,986-times oversubscribed offering signals feverish appetite for domestic alternatives to Nvidia Corp., whose advanced chips remain barred from China.

MetaX's graphics processors target the same AI developer market as Moore Threads, whose shares soared 500% post-IPO. Both firms benefit from Washington's export controls, positioning them as national champions in the AI compute race. The listing comes as China's semiconductor sector rides a wave of retail investor enthusiasm, with Moore Threads still trading five times above its debut price.

|Square

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