Core Viewpoint - The market reacted negatively to Moore Threads' announcement of using up to 7.5 billion yuan of idle fundraising for cash management, leading to a significant drop in market value, raising concerns about the company's commitment to R&D during a critical technological phase [1][2]. Group 1: Company Announcement - Moore Threads announced plans to use up to 7.5 billion yuan of idle fundraising for cash management, investing in safe and liquid financial products such as agreement deposits and structured deposits [1][4]. - Following the announcement, the company's market value dropped by nearly 100 billion yuan over two trading days, with a closing market value of 359.5 billion yuan on December 15 [1]. Group 2: Industry Context - Utilizing idle fundraising for cash management is not uncommon in the hard technology sector, where R&D cycles are long and funding is required in stages [2]. - Other companies, such as Huahong Semiconductor and Cambricon, have also engaged in similar cash management practices shortly after their IPOs, indicating a trend among tech firms to manage idle funds effectively [2].
摩尔线程两日市值蒸发近千亿，75亿募资理财引争议