Chinese AI chipmaker Moore Threads sees tripling of revenue amid self-sufficiency push
AI chipmakers have emerged as the most valuable companies in China’s AI field as the country pushes for chips that rival Nvidia’s
The company, founded in 2020 by Nvidia’s former China head Zhang Jianzhong, said it expected revenue to land between 1.45 billion yuan (US$208 million) and 1.52 billion yuan after surging between 231 per cent and 247 per cent compared with 2024, according to a stock exchange filing on Wednesday. The results are unaudited, with exact figures to be announced in its official earnings report.
Beijing-based Moore Threads also said its net loss would narrow to between 950 million yuan and 1.1 billion yuan from 1.6 billion yuan a year earlier.
The revenue surge was largely attributed to wide adoption of the MTT S5000 chip, which is based on the company’s fourth-generation graphics processing unit (GPU) architecture Pinghu and began mass production in 2025.
Computing clusters built upon the GPU were able to support the training of AI models with trillion-level parameters, the company said in its filing, adding that the chip’s computational efficiency was comparable to “GPU clusters of the same size by foreign companies”.
Moore Threads is at the forefront of a wave of Chinese AI chip companies that have been rushing to launch initial public offerings over the past two months. Its revenue forecast reflects these chipmakers’ aggressive push to drive adoption of their products, amid broader efforts by the country to build a domestic semiconductor industry capable of rivalling US giant Nvidia.