Core Insights - The Shanghai Stock Exchange has accepted IPO applications from five companies, including Moore Threads and Muxi Integrated Circuit, for listing on the Sci-Tech Innovation Board, bringing the total number of accepted IPO applications to 30 in the first half of 2025 [1] Company Summaries Moore Threads - Founded in 2020, Moore Threads focuses on developing a full-function GPU to provide computing acceleration platforms for high-performance computing fields such as AI and digital twins [1] - The company has successfully launched four generations of GPU architectures and has a product matrix covering AI computing, cloud computing, and personal computing [1] - From 2022 to 2024, Moore Threads is projected to have a compound annual growth rate (CAGR) of 208.44% in revenue [2] - The company plans to raise up to 8 billion yuan for the development of its next-generation AI training and inference integrated chip [3] Muxi Integrated Circuit - Muxi Integrated Circuit is dedicated to the independent research and development of full-stack high-performance GPU chips and computing platforms, primarily for AI training and inference, general computing, and graphics rendering [6] - The company's revenue from 2022 to 2024 is expected to grow from 426,400 yuan to 743 million yuan, with a CAGR of 4,074.52% [6][7] - Muxi plans to raise up to 3.904 billion yuan for the development and industrialization of new high-performance general-purpose GPUs [7] Fundraising Purposes - Moore Threads intends to use the IPO proceeds for the development of its next-generation AI training and inference integrated chip and other related projects [3][5] - Muxi Integrated Circuit's fundraising will support various GPU development projects, including the second and third generations of high-performance general-purpose GPUs and AI inference GPUs [8]