Moore Threads, a Beijing-based graphics processing unit developer, said it expects first-half 2026 revenue of 1.7 billion yuan (US$244 million) to 1.8 billion yuan (US$259 million).

The company attributed the projected 135.12% to 149.37% year-on-year growth to strong AI demand for full-function GPUs and faster commercialization of its KUAE intelligent computing cluster.

The company said its MTTS5000 training-and-inference integrated graphics processing unit card has reached what it called a market-leading performance level, entered mass production, and is powering large-scale clusters that Moore Threads is delivering.

Founded in 2020, Moore Threads said its product lineup includes chips, graphics cards, and clusters.

KUAE is its large-scale AI cluster for AI data centers and large-model training and inference.

The company, backed by investors including Tencent Holdings, ByteDance, Sequoia China, and GGV Capital, raised about 8 billion yuan (US$1.18 billion) in a Shanghai Star Market initial public offering.

Moore Threads entities were added in 2023 to the US Entity List. Its growth comes as China promotes domestic AI chip alternatives amid US export curbs.

🔗 Source: Yicai

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