"Chinese version of NVIDIA" Moar Thread Technology successfully passed the Sci-Tech Innovation Board IPO screening.

According to Securities Times app, on September 26th, Moore Thread Intelligent Technology (Beijing) Co., Ltd. (referred to as Moore Thread) passed the listing committee meeting of the Shanghai Stock Exchange's Science and Technology Innovation Board (STAR Market), with CITIC Securities as the sponsor. In this IPO, Moore Thread plans to raise 8 billion yuan, which will be used for the research and development projects of Moore Thread's new generation of self-controllable AI training and push integrated chip, new generation of self-controllable graphics chip, new generation of self-controllable AI SoC chip, and for supplementary working capital.