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Moore Threads Plans to Use Most IPO Proceeds to Buy Bank Products

Shares of Moore Threads Technology Co., a leading Chinese artificial intelligence chipmaker, fell after plans to put most of the funds raised through its recent listing into banking products.

Shares of Moore Threads Technology Co., a leading Chinese artificial intelligence chipmaker, fell after plans to put most of the funds raised through its recent listing into banking products.
The company plans to invest 7.5 billion yuan ($1.1 billion… [269 chars]

Source: Bloomberg | Published: 2025-12-15T01:22:34Z

Credit: Bloomberg

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