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China s Moore Threads valued at $3 4 bln in funding before U S curbs - sources

Chinese chip design startup Moore Threads agreed a capital raise that brought its valuation to roughly 25 billion yuan shortly before it was hit by U.S. export controls, two sources familiar with.

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China s Moore Threads Valued at $3 4 Billion in Funding Before U S Curbs

China s Moore Threads Valued at $3 4 Billion in Funding Before U S Curbs
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China s Moore Threads valued at $3 4 billion in funding before U S curbs

Chinese chip design startup Moore Threads agreed a capital raise that brought its valuation to roughly 25 billion yuan ($3.449 billion) shortly before it was hit by U.S. export controls, two sources familiar with the matter said. The U.S. in October added the graphic processing unit designer to a trade blacklist, cutting it off from having its chips manufactured by Taiwan Semiconductor Manufacturing Co or other leading chipmakers that use U.S. equipment. The month before Moore Threads had raised roughly 1 billion yuan in a so-called "series B+" round, one of the sources said.

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moore threads valuation: Chinese chip design startup Moore Threads valued at $3 4 billion in funding before US curbs

The US in October added the graphic processing unit designer to a trade blacklist, cutting it off from having its chips manufactured by Taiwan Semiconductor Manufacturing Co or other leading chipmakers that use US equipment.

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China s Moore Threads valued at $3 4 billion in funding before U S curbs – sources | WSAU News/Talk 550 AM · 99 9 FM

BEIJING (Reuters) - Chinese chip design startup Moore Threads agreed a capital raise that brought its valuation to roughly 25 billion yuan ($3.449 bil.

United statesHouxue qingxinChenan zhizhiJan harveyTaiwan semiconductor manufacturing coChina mobileMoore threadsMoore threadSequoia capital chinaBeijing newsroom