[베이징=뉴스핌] Correspondent Cho Yong-seong = Chinese graphics processing unit (GPU) startup Moorthread (Chinese name: Moor Xiancheng, 摩尔線程) has begun work on a listing. Since this company is considered to have outstanding capabilities in the GPU field, the news of its registration is creating a lot of buzz in China.
Moorethread submitted an application for listing advisory to the Beijing Securities Regulatory Bureau, and Beijing Daily reported on the 14th that Zhongxin Securities was selected as the listing advisory group.
Moorethread will continue the registration process with the help of CITIC Securities, and will formally submit a registration application to the securities authorities once the preparatory work is complete. Moorethread aims to be listed on the Shanghai Keqiangban Stock Exchange.
Moorethread was founded in October 2020 and is headquartered in Beijing. Since the founder was from Nvidia, it attracted a lot of attention in China from the beginning.
Founder Zhang Jianzhong (張建中) worked at NVIDIA for 15 years and is a GPU expert who was NVIDIA’s global vice president and China market representative. After leaving NVIDIA, he immediately founded Moorethread.
Moorethread launched its first product, the MTT S580 graphics card, in September 2022, two years after its founding. This output can be used to process game graphics and AI operations.
Moorethread then launched the MTT S2000, a GPU specifically for large-scale data processing, last March. Last March, we launched MTT S4000, a GPU for AI computation.
Each product is designed based on the MUSA architecture developed by Moorethread. In addition, the products have had great achievements in their respective fields.
Moorethread also launched KUAE, an artificial intelligence (AI) data center solution.
Because it is already highly regarded in the industry, the market expects that when Moorethread is listed, its corporate value will exceed 50 billion yuan. This is equivalent to about 10 trillion Korean won.
Moorethread has already been recognized for its corporate value of 24 billion yuan in attracting round C investment in December 2022. Later, in April, the Hurun Research Institute calculated the corporate value of Moorethread at 25.5 billion yuan. Since the Hurun Research Institute conservatively sets the corporate value of unlisted startups, there are estimates that Moorethread’s corporate value will be much higher than this.
