Moore Threads Technology Co Ltd, often described as China’s domestic alternative to NVIDIA Corporation, unveiled a new range of graphics processing units over the weekend, helping push its share price higher on Monday.
The chipmaker’s stock rose 2% in Shanghai trading, following a period of more moderate price movement. Earlier this month, Moore Threads experienced sharp volatility after its high-profile initial public offering in early December.
At its MUSA Developer Conference, Moore Threads introduced the new Huagang series of GPUs. The product line is designed to support both artificial intelligence workloads and the video gaming market, signaling the company’s ambition to compete across multiple segments.
The company also revealed an upgraded gaming-focused GPU and previewed its upcoming Huashan AI GPU. Moore Threads claimed that the Huashan chip could rival Nvidia’s Hopper and Blackwell architectures in terms of performance.
However, Moore Threads did not provide detailed benchmarks for either gaming or AI applications. It also said the new GPU lineup is expected to be released sometime next year.
Last week, the company cautioned investors that its products have not yet entered full commercial release and warned that it is likely to remain loss-making in the near term.
Moore Threads is widely seen as a key player in China’s push to develop advanced domestic AI chips, as Beijing seeks to reduce reliance on foreign technology amid tighter U.S. export restrictions on high-end semiconductors.
According to a recent report by Reuters, Chinese researchers achieved a significant breakthrough this year in developing extreme ultraviolet lithography (EUV) equipment. EUV machines are a critical component in the production of cutting-edge semiconductor chips.
