<p>兩家中國芯片製造商正吸引強烈的散户投資者需求，這得益於行業同行摩爾線程科技（Moore Threads Technology Co）的出色首日表現。</p>
<p>根據一份文件，上海沐曦（MetaX Integrated Circuits (Shanghai) Co）即將進行的首次公開募股（IPO）散户部分在週五的認購超額達到 2986 倍。</p>
<p>與此同時，北京昂瑞微（Beijing Onmicro Electronics Co）製造的射頻芯片在週五的認購超額達到 2899 倍，文件顯示。</p>
<p>這些認購與摩爾線程的交易首日重合，該公司在週五的交易中上漲了 425%，在籌集了 80 億元人民幣（約合 11.3 億美元）後，市場普遍認為該公司可能成為英偉達（Nvidia Corp）在人工智能（AI）芯片領域的有力本土競爭者。</p>
<p>在中國，隨着芯片製造商被越來越多地視為國家推動技術自給自足的關鍵受益者，熱情也在不斷高漲，這一趨勢受到貿易緊張局勢和對美國技術限制的擔憂的推動。</p>
<p>在交易之前，摩爾線程的股票也吸引了散户投資者的強烈需求，認購超額約為 2750 倍。</p>
<p>摩爾線程成立於 2020 年，由前英偉達高管張建中創辦，最初通過遊戲和視覺渲染的圖形芯片獲得收入，隨後轉向用於大型語言模型的 AI 加速器。IPO 的收益將用於資助下一代 AI 和圖形芯片項目，並補充營運資金。</p>
<p>今年中國的 IPO 表現強勁，部分原因是監管機構對新審批保持嚴格控制，以防止新上市激增可能對市場流動性造成壓力。過去幾週二級市場的風險偏好減弱也激發了對新上市的興趣。</p>
<p>隨着上海沐曦的 IPO 前報價為每股 104.66 元，散户投資者的認購總額約為 3 萬億元人民幣。北京昂瑞微的定價為每股 83.06 元，吸引了約 1.4 萬億元的認購。</p>
<p>中國散户投資者蜂擁而至熱門 IPO，因為這一過程類似於彩票。由於不需要提前付款，數百萬投資者參與競標，期望以最低風險贏得股票。超額認購率是根據彭博社根據公司在文件中披露的在線中標率計算的。</p>
<p>成立於 2020 年的上海沐曦計劃在即將到來的上海首發中籌集 5.858 億美元。該公司在市場上與摩爾線程類似，專注於圖形處理單元芯片的製造。</p>

摩爾線程-U

<p>兩家中國芯片製造商，MetaX 集成電路和北京安微電子，正經歷着投資者對其首次公開募股（IPO）的高需求，超額認購率分別達到 2,986 倍和 2,899 倍。這一興趣激增源於摩爾線程科技（Moore Threads Technology）成功上市，交易量增長了 425%。這種熱情是由於中國在貿易緊張局勢下推動技術自給自足的努力。MetaX 計劃籌集 5.858 億美元，而摩爾線程則計劃利用其 IPO 收益資助人工智能和圖形芯片項目</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>兩家中國芯片製造商正吸引強烈的散户投資者需求，這得益於行業同行摩爾線程科技（Moore Threads Technology Co）的出色首日表現。</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>根據一份文件，上海沐曦（MetaX Integrated Circuits (Shanghai) Co）即將進行的首次公開募股（IPO）散户部分在週五的認購超額達到 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>與此同時，北京昂瑞微（Beijing Onmicro Electronics Co）製造的射頻芯片在週五的認購超額達到 2899 倍，文件顯示。</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>這些認購與摩爾線程的交易首日重合，該公司在週五的交易中上漲了 425%，在籌集了 80 億元人民幣（約合 11.3 億美元）後，市場普遍認為該公司可能成為英偉達（Nvidia Corp）在人工智能（AI）芯片領域的有力本土競爭者。</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>在中國，隨着芯片製造商被越來越多地視為國家推動技術自給自足的關鍵受益者，熱情也在不斷高漲，這一趨勢受到貿易緊張局勢和對美國技術限制的擔憂的推動。</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，摩爾線程的股票也吸引了散户投資者的強烈需求，認購超額約為 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>摩爾線程成立於 2020 年，由前英偉達高管張建中創辦，最初通過遊戲和視覺渲染的圖形芯片獲得收入，隨後轉向用於大型語言模型的 AI 加速器。IPO 的收益將用於資助下一代 AI 和圖形芯片項目，並補充營運資金。</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>今年中國的 IPO 表現強勁，部分原因是監管機構對新審批保持嚴格控制，以防止新上市激增可能對市場流動性造成壓力。過去幾週二級市場的風險偏好減弱也激發了對新上市的興趣。</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>隨着上海沐曦的 IPO 前報價為每股 104.66 元，散户投資者的認購總額約為 3 萬億元人民幣。北京昂瑞微的定價為每股 83.06 元，吸引了約 1.4 萬億元的認購。</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>中國散户投資者蜂擁而至熱門 IPO，因為這一過程類似於彩票。由於不需要提前付款，數百萬投資者參與競標，期望以最低風險贏得股票。超額認購率是根據彭博社根據公司在文件中披露的在線中標率計算的。</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>成立於 2020 年的上海沐曦計劃在即將到來的上海首發中籌集 5.858 億美元。該公司在市場上與摩爾線程類似，專注於圖形處理單元芯片的製造。</p>
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在 C 摩爾-U 之後，中國芯片 IPO 被散户認購近 3000 倍