Moore Threads

Moore Threads reports H1 revenue up 147% YoY to ~$258M, a $1.72M net loss, and plans a Hong Kong listing, after its stock rose 420%+ since its 2025 Shanghai IPO

Sources: Shanghai-based GPU maker MetaX confidentially filed for a Hong Kong listing, targeting an IPO by the year-end, amid a surge of fundraising from rivals

Firm's year-end listing plan underscores China's chip self-reliance and follows Biren, Iluvatar and Moore Threads in the fundraising rush

Filing: Beijing-based GPU maker Moore Threads reports Q1 revenue up 155% YoY to ~$107.89M, and a ~$4.3M net profit, up from a ~$16.46M net loss in Q1 2025

Filing: Chinese AI chip designer Cambricon reports a $316M net profit in 2025, its first profitable year; rivals Moore Threads and MetaX narrowed their losses

Domestic A-share companies in the sector are forecast to achieve substantial growth in their 2025 results, according to Donghai Securities

AI chipmaker Moore Threads jumped 425% in its Shanghai debut after raising $1.13B, marking the biggest first-day gain for a major Chinese IPO since 2019 reforms

Bloomberg :

Chinese GPU maker Moore Threads raises a $313M Series A co-led by Source Code Capital, Shanghai Guosheng Group, and Bohai Sheng Industrial Fund Management

Liya Su / DealStreetAsia :

Chinese GPU maker Moore Threads raises a $313M Series A co-led by Source Code Capital, Shanghai Guosheng Group, and Bohai Sheng Industrial Fund Management

Liya Su / DealStreetAsia :