Chinese semiconductor firm Moore Threads secures $313m Series A

Moore Threads, a Chinese semiconductor player which provides graphics processing units (GPUs), announced on Thursday that it has raked in 2 billion yuan ($313 million) in a Series A funding round.

The financing was jointly led by long-term backer Source Code Capital, state-backed Shanghai Guosheng Group, and BOC International’s Bohai Sheng (Hubei) Industrial Fund Management. The round also attracted nine investors including China Construction Bank’s CCB International, Qianhai FOF, and China Merchants Securities.

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