Moore Threads is about to list on the Science and Technology Innovation Board, raising 8 billion yuan to invest in AI chip R&D.

Moore Threads announced that it will launch its IPO on the Science and Technology Innovation Board on November 24, planning to issue 70 million shares at a price of 114.28 yuan per share, with an expected fundraising of 8 billion yuan. The funds raised will be used for AI chip R&D and to supplement working capital, in order to enhance the company's independent R&D capabilities in the field of high-end GPUs.