MetaX's Soaring Shares Highlight China's AI Chip Push
Update: 2025-12-17
Description
MetaX Integrated Circuits, founded by former AMD executive Chen Weiliang, saw its shares skyrocket by nearly six hundred percent on its Shanghai stock market debut, raising six hundred million dollars. This impressive debut follows Moore Threads strong listing, highlighting Chinas push to accelerate domestic AI chip listings. Analysts at Guotai Haitong Securities emphasize the potential of the AI chipmaking industry in China, projecting sales to reach over one hundred eighty-nine billion dollars by 2029, as the nation strives for self-sufficiency in this vital area.
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