Chinese chip manufacturers are catching up "very quickly" in the race for initial public offerings, Bloomberg reported Monday, citing analysts.
Among the chip manufacturers that have debuted in China's stock markets are Moore Threads Intelligent Technology (Beijing) (SHA:688795), MetaX Integrated Circuits (Shanghai) (SHA:688802), according to Bloomberg.
In Hong Kong, Shanghai Biren Technology (HKG:6082), Baidu's chip division (HKG:9888) Kunlunxin, Shanghai Enflame Technology, GigaDevice, Montage Technology (SHA:688008), ChangXin Memory Technologies, Yangtze Memory Technologies, and Shanghai Iluvatar CoreX Semiconductor are also either launching IPOs or mulling offerings, the report said.
"It wouldn't surprise me if in 2026 or 2027 we have a DeepSeek moment for chips where a low-cost competitive chip is being produced by China," the news outlet cited Barclays' Asia-Pacific head of cash equity execution Matt Toms as saying.
Toms was alluding to the Chinese artificial intelligence startup that shocked the industry with its low-cost model, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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