Chinese AI Chipmakers Seeks $1.65Bn To Boost Local Demand

Catenaa, Tuesday, July 01, 2025- Two Chinese AI chip startups are seeking to raise a combined $1. 65 billion in initial public offerings on the Shanghai Stock Exchange to boost local demand. Beijing-based Moore Threads plans to raise $1. 12 billion, while Shanghai-based MetaX seeks $530 million, according to their IPO prospectuses filed on Monday. Their fundraising […] source: https://investors.catenaa.com/news/chinese-ai-chipmakers-seeks-1-65bn-to-boost-local-demand