摩尔线程启动科创板IPO发行：将成「国产GPU第一股」，以全功能GPU筑基AI时代

Core Viewpoint - The article highlights the rapid development of domestic computing power in China, particularly focusing on the IPO of Moore Threads, which is set to become the first domestic GPU company listed on the Sci-Tech Innovation Board, marking a significant step towards building an independent and controllable computing power system in China [2][3]. Group 1: Company Overview - Moore Threads, established in 2020, specializes in the independent research and design of full-function GPUs, aligning with China's strategy for high-level technological self-reliance [3]. - The company has launched four generations of GPU architecture chips from 2021 to 2024, with the latest being the "Changjiang" smart SoC chip in 2024 [4]. - Moore Threads is the only domestic company that has achieved mass production of full-function GPUs, with products applied in various fields such as AI model training, digital twins, and cloud computing [4]. Group 2: Technological Advancements - The company's products have reached or approached international advanced levels in certain performance metrics, with the MTT S80 graphics card's single-precision floating-point performance nearing that of NVIDIA's RTX 3060 [4]. - Moore Threads has invested over 4.3 billion yuan in R&D from 2022 to June 2025, with over 77% of its workforce dedicated to research, resulting in 514 authorized patents in key technology areas [5]. Group 3: Market Potential - The global GPU market is projected to reach 3.62 trillion yuan by 2029, with China's market expected to grow significantly, from 15.6% of the global market share in 2024 to 37.8% by 2029, reflecting a compound annual growth rate of 51.1% [5]. - The IPO funds will primarily support the development of new AI training and inference chips, graphics chips, and AI SoC chips, aligning with national strategies to enhance key technology independence and build new computing infrastructure [6].