NVDA

<p>Recently, domestic GPU companies MuXi Co., Ltd. and Moore Threads have had their IPO applications approved in succession, marking an acceleration in the listing process of hard technology companies on the A-share market. The successful approval of both companies in less than four months reflects the trend of domestic substitution in the GPU chip field in China. According to Wind data, since 2025, strategic emerging industry companies have become the main force among newly listed companies on the A-share market, and national policy support has also provided assistance for the rapid development of hard technology enterprises</p>

- The recent approval of IPO applications for two domestic GPU companies, Mu Xi Integrated Circuit and Mo Er Thread, indicates a rapid acceleration in the listing process of hard technology firms in China's A-share market.  
- The surge in IPOs is supported by national policies aimed at enhancing technological self-sufficiency and innovation, with significant funding initiatives like the Central Enterprise Strategic Emerging Industry Development Fund.  
- As of October 29, 2025, 87 companies have listed on the A-share market this year, with a notable focus on strategic emerging industries, reflecting a growing trend in the hard technology sector.

Domestic GPU manufacturers accelerate the approval process, what is the deeper meaning behind it?