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Chinese GPU startups Moore Threads and MetaX file for IPOs, seeking a combined $1.65B in funding
- Chinese GPU startups Moore Threads and MetaX file for IPOs.
- Seeking $1.65B in funding on Shanghai Stock Exchange to boost domestic chip industry.
- US sanctions accelerating local demand for advanced chips, shaping Chinese chip market priorities.
- Companies investing heavily in R&D to create localized GPUs amidst losses.
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