Chinese GPU manufacturer Moore Threads has submitted a filing for an initial public offering (IPO) in the domestic market amid US sanctions this week, according to information from the China Securities Regulatory Commission. Details: Moore Threads is a chip company whose products are used in AI computing, 3D graphics rendering, ultra-high-definition video encoding/decoding, physical simulation, and scientific computing. As of November 2024, Moore Threads has completed six rounds of financing, raising over RMB 5 billion ($690 million), Caijing Magazine reported on Wednesday. Moore Threads is currently ranked 261st on the 2024 Hurun Global Unicorn List with a valuation of RMB 25.5 billion ($3.53 billion). On December 19, 2023, Moore Threads launched its first self-developed 1,000 teraflop model training platform, the Moore Threads KUAE Intelligent Computing Center, in Beijing.