<p>两家中国芯片制造商正吸引强烈的散户投资者需求，这得益于行业同行摩尔线程科技（Moore Threads Technology Co）的出色首日表现。</p>
<p>根据一份文件，上海沐曦（MetaX Integrated Circuits (Shanghai) Co）即将进行的首次公开募股（IPO）散户部分在周五的认购超额达到 2986 倍。</p>
<p>与此同时，北京昂瑞微（Beijing Onmicro Electronics Co）制造的射频芯片在周五的认购超额达到 2899 倍，文件显示。</p>
<p>这些认购与摩尔线程的交易首日重合，该公司在周五的交易中上涨了 425%，在筹集了 80 亿元人民币（约合 11.3 亿美元）后，市场普遍认为该公司可能成为英伟达（Nvidia Corp）在人工智能（AI）芯片领域的有力本土竞争者。</p>
<p>在中国，随着芯片制造商被越来越多地视为国家推动技术自给自足的关键受益者，热情也在不断高涨，这一趋势受到贸易紧张局势和对美国技术限制的担忧的推动。</p>
<p>在交易之前，摩尔线程的股票也吸引了散户投资者的强烈需求，认购超额约为 2750 倍。</p>
<p>摩尔线程成立于 2020 年，由前英伟达高管张建中创办，最初通过游戏和视觉渲染的图形芯片获得收入，随后转向用于大型语言模型的 AI 加速器。IPO 的收益将用于资助下一代 AI 和图形芯片项目，并补充营运资金。</p>
<p>今年中国的 IPO 表现强劲，部分原因是监管机构对新审批保持严格控制，以防止新上市激增可能对市场流动性造成压力。过去几周二级市场的风险偏好减弱也激发了对新上市的兴趣。</p>
<p>随着上海沐曦的 IPO 前报价为每股 104.66 元，散户投资者的认购总额约为 3 万亿元人民币。北京昂瑞微的定价为每股 83.06 元，吸引了约 1.4 万亿元的认购。</p>
<p>中国散户投资者蜂拥而至热门 IPO，因为这一过程类似于彩票。由于不需要提前付款，数百万投资者参与竞标，期望以最低风险赢得股票。超额认购率是根据彭博社根据公司在文件中披露的在线中标率计算的。</p>
<p>成立于 2020 年的上海沐曦计划在即将到来的上海首发中筹集 5.858 亿美元。该公司在市场上与摩尔线程类似，专注于图形处理单元芯片的制造。</p>

摩尔线程-U

<p>两家中国芯片制造商，MetaX 集成电路和北京安微电子，正经历着投资者对其首次公开募股（IPO）的高需求，超额认购率分别达到 2,986 倍和 2,899 倍。这一兴趣激增源于摩尔线程科技（Moore Threads Technology）成功上市，交易量增长了 425%。这种热情是由于中国在贸易紧张局势下推动技术自给自足的努力。MetaX 计划筹集 5.858 亿美元，而摩尔线程则计划利用其 IPO 收益资助人工智能和图形芯片项目</p>

<p>Two Chinese chipmakers are attracting strong retail investor demand, buoyed by industry peer Moore Threads Technology Co’s (摩爾線程) stellar debut.</p>
<div class="lb-trans"><p>两家中国芯片制造商正吸引强烈的散户投资者需求，这得益于行业同行摩尔线程科技（Moore Threads Technology Co）的出色首日表现。</p>
</div><p>The retail portion of MetaX Integrated Circuits (Shanghai) Co’s (上海沐曦) upcoming initial public offering (IPO) was 2,986 times oversubscribed on Friday, according to a filing.</p>
<div class="lb-trans"><p>根据一份文件，上海沐曦（MetaX Integrated Circuits (Shanghai) Co）即将进行的首次公开募股（IPO）散户部分在周五的认购超额达到 2986 倍。</p>
</div><p>Meanwhile, Beijing Onmicro Electronics Co (北京昂瑞微), which makes radio frequency chips, was 2,899 times oversubscribed on Friday, its filing showed.</p>
<div class="lb-trans"><p>与此同时，北京昂瑞微（Beijing Onmicro Electronics Co）制造的射频芯片在周五的认购超额达到 2899 倍，文件显示。</p>
</div><p>The bids coincided with Moore Threads’ trading debut, which surged 425 percent on Friday after raising 8 billion yuan (US$1.13 billion) on bets that the company could emerge as a viable local competitor to Nvidia Corp in artificial intelligence (AI) chips.</p>
<div class="lb-trans"><p>这些认购与摩尔线程的交易首日重合，该公司在周五的交易中上涨了 425%，在筹集了 80 亿元人民币（约合 11.3 亿美元）后，市场普遍认为该公司可能成为英伟达（Nvidia Corp）在人工智能（AI）芯片领域的有力本土竞争者。</p>
</div><p>In China, enthusiasm also has been building as chipmakers are increasingly deemed as key beneficiaries of the nation’s push for technological self-sufficiency, fueled by trade tensions and fears of US technology curbs.</p>
<div class="lb-trans"><p>在中国，随着芯片制造商被越来越多地视为国家推动技术自给自足的关键受益者，热情也在不断高涨，这一趋势受到贸易紧张局势和对美国技术限制的担忧的推动。</p>
</div><p>Prior to trading, Moore Threads’ shares also drew robust demand from retail investors, with subscriptions overshooting by roughly 2,750 times.</p>
<div class="lb-trans"><p>在交易之前，摩尔线程的股票也吸引了散户投资者的强烈需求，认购超额约为 2750 倍。</p>
</div><p>Founded in 2020 by former Nvidia executive Zhang Jianzhong (張建中), Moore Threads had started out earning revenue from graphics chips for gaming and visual rendering before pivoting to AI accelerators used in large language models. Proceeds from the IPO would fund next-generation projects in AI and graphics chips as well as supplement working capital.</p>
<div class="lb-trans"><p>摩尔线程成立于 2020 年，由前英伟达高管张建中创办，最初通过游戏和视觉渲染的图形芯片获得收入，随后转向用于大型语言模型的 AI 加速器。IPO 的收益将用于资助下一代 AI 和图形芯片项目，并补充营运资金。</p>
</div><p>IPOs in China have performed strongly this year, partly because regulators keep a tight lid on new approvals on concerns that a surge of new listings could strain market liquidity. Softer risk appetite in the secondary market in the past few weeks has also fueled interest in new debuts.</p>
<div class="lb-trans"><p>今年中国的 IPO 表现强劲，部分原因是监管机构对新审批保持严格控制，以防止新上市激增可能对市场流动性造成压力。过去几周二级市场的风险偏好减弱也激发了对新上市的兴趣。</p>
</div><p>With MetaX’s pre-IPO offer price at 104.66 yuan per share, bids from retail investors poured in totaling about 3 trillion yuan. Beijing Onmicro, priced at 83.06 yuan per share, attracted about 1.4 trillion yuan in bids.</p>
<div class="lb-trans"><p>随着上海沐曦的 IPO 前报价为每股 104.66 元，散户投资者的认购总额约为 3 万亿元人民币。北京昂瑞微的定价为每股 83.06 元，吸引了约 1.4 万亿元的认购。</p>
</div><p>Chinese retail investors swarm to hot IPOs, because the process resembles a lottery. With no upfront payment required, millions join bids on the chance of winning shares at minimal risk. The oversubscription rate was calculated by Bloomberg News based on the online winning rate disclosed by the companies in filings.</p>
<div class="lb-trans"><p>中国散户投资者蜂拥而至热门 IPO，因为这一过程类似于彩票。由于不需要提前付款，数百万投资者参与竞标，期望以最低风险赢得股票。超额认购率是根据彭博社根据公司在文件中披露的在线中标率计算的。</p>
</div><p>Founded in 2020, MetaX is seeking to raise US$585.8 million in its upcoming Shanghai debut. The company operates in markets similar to Moore Threads, focusing on the manufacturing of graphics processing unit chips.</p>
<div class="lb-trans"><p>成立于 2020 年的上海沐曦计划在即将到来的上海首发中筹集 5.858 亿美元。该公司在市场上与摩尔线程类似，专注于图形处理单元芯片的制造。</p>
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在 C 摩尔-U 之后，中国芯片 IPO 被散户认购近 3000 倍