US EditionMetaX shares rocket 700% in debut as China AI chips push gathers speed
MetaX’s IPO raised $586 million, with shares surging 693% on debut amid Beijing’s push for semiconductor self-sufficiency and strong demand for domestic AI GPUs.
- Shares of Chinese chipmaker MetaX Integrated Circuits soared over 700% in their market debut in Shanghai on Wednesday after the company raised nearly $600 million in its initial public offering .
- MetaX develops graphics processing units for artificial intelligence applications, tapping into a fast-growing sector driven by China's push to reduce dependence on U.S. chips amidst Washington's tech export curbs.
- MetaX's robust debut follows that of local rival Moore Threads, reflecting investor enthusiasm for China's ambitions in using domestically made chips to power AI applications and services.
40 Articles
40 Articles
China's AMD- and Nvidia-bred GPU rivals meet on the IPO stage
As global demand for AI computing power intensifies, China's domestic GPU sector has reached a milestone. Following Moore Threads' successful IPO earlier this month, MetaX, a GPU developer with deep AMD roots, listed on Shanghai's STAR Market on December 17.
China’s A.I.-Chip Rush Hits the Market: MetaX’s 700% Jump, and What It Signals
Key Points MetaX jumped 693% on debut after a $596 million IPO, signaling intense domestic appetite for AI-chip “national champions.” Beijing’s push to replace foreign GPUs is unlocking capital fast, but leading-edge manufacturing remains the real bottleneck. The rally is a referendum on industrial strategy—and a warning about how quickly policy themes can become priced […]
Shanghai, China. The shares of China's MetaX company, which manufactures high-end semiconductors used to power artificial intelligence systems (IA), shot more than 750% in its stock debut in Shanghai this Wednesday. According to analysts, investors are betting on the prospect that China will boost its chip industry to finally rival the U.S. giant Nvidia. MetaX's "Rally" Integrated Circuits Shanghai came less than two weeks after another Chinese …
TechXplore
China's MetaX soars 755% on debut on hopes for domestic chipmakers
Shares in China's MetaX, which makes high-end chips used to power AI systems, rocketed more than 750% on its debut in Shanghai on Wednesday, fueled by hopes of the country's potential to challenge US powerhouse Nvidia.
This makes MetaX the second chip manufacturer whose share price multiplied on the day of its IPO.
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