Chinese chipmakers are accelerating plans for IPOs, aiming to raise capital amid the country’s push for technological self-reliance and advancements in AI.

Recent major debuts, including Moore Threads Technology’s 425% stock jump, and MetaX Integrated Circuits’ 693% gain on their first trading day in Shanghai, have drawn attention to the sector.

Several firms are preparing or considering listings in Hong Kong or mainland China.

Shanghai Biren Technology, which develops GPUs and cloud computing chips, is preparing to seek up to US$600 million in a Hong Kong IPO after receiving regulatory approval.

🔗 Source: Bloomberg