MetaX soars 700% in debut as China AI chips push lures investors

SHANGHAI, Dec 17 (Reuters) - MetaX Integrated Circuits jumped 700% in its Shanghai market debut as the Chinese AI chipmaker tapped into strong momentum triggered by Beijing's push to reduce reliance on chips from U.S. firms Nvidia (NVDA) and Advanced Micro Devices (AMD). Founded by former AMD executives, MetaX raised roughly $600 million in an initial public ​offering last week, days after larger rival Moore Threads debuted with a 400% pop. MetaX opened at 700 yuan a share in Shanghai versus an IPO pric ...