Archive · 12 Dec 2025
China Eases IPO Rules for AI Chip Startups
China is making it easier for AI chip startups to go public.
This is because China wants to be more self-reliant in technology, especially in making chips.
Two startups, Moore Threads and MetaX, are the first to use these new rules.
Moore Threads had a huge success when it went public, with its shares going up by 425%.
However, both companies are still not making a profit.
The Chinese government hopes that by making it easier for these companies to get money, they can catch up to foreign chip makers.
Investors are also interested because they believe in China’s long-term tech goals.
China has eased IPO rules to help local AI chip startups raise funds.
Moore Threads, a Chinese AI chip maker, saw its shares surge 425% in its debut IPO.
The new rules allow unprofitable startups in strategic industries to list on Shanghai’s STAR Market.
Both Moore Threads and MetaX have recorded steep losses due to heavy investment in R&D.
China aims to boost tech self-reliance, but profitability and closing the gap with foreign chip makers remain uncertain.
- Who
- Chinese AI chip startups like Moore Threads and MetaX
- What
- China is easing IPO rules to help local chip makers raise funds
- When
- The reform has recently started to bear fruit, with Moore Threads listing last week
- Where
- On Shanghai’s STAR Market
- Why
- To boost China’s tech self-reliance and close the gap with foreign chip makers
- Moore Threads IPO Surge
- 425%
- Moore Threads Market Value
- $55 billion
- U.S. Computational Power Share
- 75%
- China Computational Power Share
- 15%
- Moore Threads IPO Approval Time
- 88 days
- Minimum Market Cap for IPO
- $566.7 million
- Moore Threads Founder
- Zhang Jianzhong
- MetaX Founder
- Ex-AMD employees