Two of China's popular GPU manufacturers, Moore Threads and MetaX, are reportedly eying IPO prospects, following a massive surge in interest in their GPU solutions.
China's GPU Manufacturers Plan to Counter The Influence of the U.S. Sanctions Through Domestic Offerings
With NVIDIA's influence over the Chinese GPU market starting to reduce, domestic firms, particularly Moore Threads and MetaX, seem to be seeing interest from the industry. Based on a report by UDN, it is revealed that Chinese GPU manufacturers are looking towards an IPO at the Shanghai Stock Exchange, and both of them have already filed the relevant paperwork. The firms are seeking to raise over 12 billion yuan ($1.65 billion) in an attempt to counter U.S. export restrictions and ultimately give China a viable alternative in the GPU sector.
After the ban of NVIDIA's H20 AI accelerator from being sold in China, a new window opened up for domestic GPU manufacturers to come up with their offerings, and firms like Huawei, Moore Threads, and others introduced viable alternatives. In particular, with Huawei's Ascend AI chips, they manage to see massive adoption from local tech giants like Tencent and Baidu. Similarly, Moore Threads has been making strides in the consumer GPU sector through offerings such as the MTT S80 and the MTT S70. For professional workloads, the firm offers the MTT S4000 and S5000.
Interestingly, both Moore Threads and MetaX are led by ex-AMD and ex-NVIDIA employees. Moore Threads is led by Zhang Jianzhong, a former NVIDIA executive responsible for the company's business in China. Similarly, MetaX's CEO Chen Weiliang is also a former AMD employee, being the global general manager for several generations of GPU design, so it is safe to say that the companies have decent talent onboard; however, they still need a lot of work to be done in order to meet the R&D standards of the likes of NVIDIA and AMD.
While the US sanctions have put firms like Moore Threads at a disadvantage, the market does see it as an opportunity to come up with their domestic offerings, potentially putting NVIDIA/AMD out of the market.
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