Moore Threads Technology Co. Ltd. Class A 688795

Investing.com-- Chinese chipmaking stocks fell sharply on Monday after a report said Beijing was considering allowing some local firms to buy NVIDIA Corp’s (NASDAQ:NVDA) advanced chips.

Retail orders ran to more than 6,000 times the shares available

Enflame stock soared more than 200% in its Shanghai debut as investors bet Chinese chipmakers can displace Nvidia.

A public valuation validates Tencent's chip investment while revealing how much strategic scarcity investors are already paying for.

Enflame Technology, one of China's leading AI chipmakers, will open share subscriptions on September 2 for its ‌6 billion yuan ($892.21 million) IPO on Shanghai's tech-heavy STAR Market, ‌a regulatory filing showed late on Monday. The chipmaker, backed by technology company Tencent Holdings, will ​issue 43.04 million new shares, representing a 10% stake in its enlarged share capital of approximately 430 million shares, with preliminary price consultations set to begin on August 28, the filing showed. Founded in 2018, Shanghai-based Enflame is grouped alongside Moore Threads, MetaX, and Biren

Strong chip profits may not be enough as investors demand evidence that lofty valuations remain justified.

Tencent-backed AI chipmaker plans STAR board debut as revenue is expected to more than triple in the first half.

The certifications are valid for three years and were issued jointly by the China Information Technology Security Evaluation Centre and the National Secrecy Science and Technology Evaluation Centre.

Quarterly profit driven by investment gain as revenue rises 20% and global robotaxi expansion continues

Bloomberg reports Alibaba is weighing restructuring its T-Head chip arm ahead of a possible future listing.