Two of China’s top homegrown contenders in the artificial intelligence chip space — MetaX Integrated Circuit Co. Ltd. and Moore Threads Technology Co. Ltd. — are heading into high-profile public listings this week, amid soaring investor interest and intensifying government efforts to build a self-reliant semiconductor industry.
MetaX, a GPU developer founded by veterans of Advanced Micro Devices Inc. (AMD), will begin its share subscription on Friday, offering 40.1 million shares at 104.66 yuan apiece. The offering is expected to raise 3.9 billion yuan ($552 million) after fees, according to a Wednesday filing.
On the same day, Beijing-based Moore Threads, which priced its 7.6 billion yuan
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