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China's Moore Threads valued at $3.4 bln in funding before U.S. curbs - sources

Chinese chip design startup
Moore Threads agreed a capital raise that brought its valuation
to roughly 25 billion yuan shortly before it
was hit by U.S. export controls, two sources familiar with. ....

United States , Chenan Zhizhi , Houxue Qingxin , Jan Harvey , Taiwan Semiconductor Manufacturing Co , China Mobile , Moore Threads , Moore Thread , Sequoia Capital China , Beijing Newsroom ,

China's Moore Threads Valued at $3.4 Billion in Funding Before U.S. Curbs

China's Moore Threads Valued at $3.4 Billion in Funding Before U.S. Curbs
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

United States , Jan Harvey , Houxue Qingxin , Chenan Zhizhi , China Mobile , Taiwan Semiconductor Manufacturing Co , Moore Threads , Moore Thread , Sequoia Capital China , Beijing Newsroom ,

China's Moore Threads valued at $3.4 billion in funding before U.S. curbs

Chinese chip design startup Moore Threads agreed a capital raise that brought its valuation to roughly 25 billion yuan ($3.449 billion) shortly before it was hit by U.S. export controls, two sources familiar with the matter said. The U.S. in October added the graphic processing unit designer to a trade blacklist, cutting it off from having its chips manufactured by Taiwan Semiconductor Manufacturing Co or other leading chipmakers that use U.S. equipment. The month before Moore Threads had raised roughly 1 billion yuan in a so-called "series B+" round, one of the sources said. ....

United States , Jan Harvey , Houxue Qingxin , Chenan Zhizhi , China Mobile , Taiwan Semiconductor Manufacturing Co , Moore Threads , Moore Thread , Sequoia Capital China , Beijing Newsroom ,