Chinese AI chip makers gain investor support following US restrictions

elpais.com (Spanish)

Chinese AI chip makers are gaining investor support and market share due to US export restrictions. Moore Threads surged 425% on its Shanghai debut, while Baidu plans an IPO for its AI chip unit. Moore Threads raised approximately $972 million in its IPO, benefiting from China's push for technological self-sufficiency. US restrictions have created a market gap that Chinese firms like Moore Threads are filling. Nvidia has acknowledged zero data center computing revenue from China. Other Chinese chip companies are also exploring public offerings, signaling a strong domestic push in the AI sector.


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Chinese AI chip makers gain investor support following US restrictions | News Minimalist