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Company

Moore Threads

Moore Threads is a Beijing-based domestic Chinese GPU designer that pairs its own silicon (the MTT S-series) with a full-stack CUDA-alternative software layer…

Founded
2020
HQ
Beijing, China
Status
public

The verified answer

As of Aug 2026, DEPLOY verifies Moore Threads: 1 model, 1 active incident. 4 sources back the record.

Models

1

Employees

800

Overview

Moore Threads is a Beijing-based domestic Chinese GPU designer that pairs its own silicon (the MTT S-series) with a full-stack CUDA-alternative software layer (MUSA SDK) and a training-oriented cluster reference architecture called KUAE. Founded in October 2020 by former Nvidia China vice president Zhang Jianzhong, the company sits in the small group of firms trying to replace Nvidia inside China now that H100/H200/B-series parts are export-controlled.

It was added to the U.S. Entity List in October 2023, which severed its access to leading-edge TSMC nodes and forced it onto older process technology.\n\nUnlike Western neoclouds such as CoreWeave or Lambda, Moore Threads is not primarily a GPU-rental operator; it is a chip vendor whose cloud presence takes the form of KUAE reference-design AI compute centers built with Chinese telco and enterprise partners, plus a MUSA cloud service for developers.

Its go-to-market is domestic-only: Chinese model labs, state-owned enterprises, universities, and provincial "intelligent computing" projects that need to run large-model training on non-U.S. silicon.\n\nAfter years of private funding from ByteDance, Tencent, Sequoia Capital China, GGV, and Shenzhen Capital Group, Moore Threads listed on the Shanghai Stock Exchange's STAR Market in December 2025, raising more than one billion dollars in what became one of the year's most-watched Chinese semiconductor IPOs. The listing crystallized its position as the highest-profile publicly traded pure-play Chinese GPU maker, with a business model that mixes silicon sales, KUAE cluster deployments, and a smaller cloud/consumer product line.

Verified record

Verified deployments
None on file
Active incidents
1 incident on file

Valuation of record

Company-claimed
$42B (reported, approximate)as of Dec 2025

Priced roundIPO post-money

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Key facts

CEO

Zhang Jianzhong (James Zhang)

Headquarters

Beijing, China

Founded

October 2020

Co-founder

Architecture

MUSA (Moore Threads Unified System Architecture)

Key Products

MTT S60, MTT S70, MTT S80 (desktop GPU); MTT S2000 (server GPU)

US Entity List

Added October 2023 by US Dept of Commerce Bureau of Industry and Security

IPO Proceeds

~$1.1 billion (Dec 2025)

Revenue FY2024

438 million yuan (~$61M USD), 252% YoY growth

Revenue H1 2025

~702 million yuan (~$97M USD)

Notable Investors

Sequoia Capital China, GGV Capital, Shenzhen Capital Group, ByteDance, Tencent, High-Flyer/DeepSeek (Liang Wenfeng)

Prior Company

CEO Zhang Jianzhong was Nvidia global VP & GM China (2006-2020)

HQ + founded

Beijing, China; October 2020

Founder and CEO

Zhang Jianzhong, former Nvidia China vice president

Public status

Listed on Shanghai Stock Exchange STAR Market, December 2025; shares rose 468% on debut

IPO proceeds

Raised over $1 billion in December 2025 STAR Market listing

Silicon lineup

MTT S60 and S80 consumer/workstation GPUs (12nm); MTT S2000, S3000, S4000 data-center parts; MTT S5000 unified training and inference card announced 2025

Cluster reference design

KUAE (Kua'e) large-model pretraining platform, positioned as the customer-deployable AI compute center built on MTT S4000/S5000 GPUs; not a hyperscale on-demand cloud

Notable pre-IPO investors

U.S. export status

Added to U.S. Commerce Department Entity List October 2023, cutting access to leading-edge TSMC production

Positioning

Domestic-China GPU vendor plus KUAE cluster integrator; training-focused with a growing inference story via S5000; not a global GPU-rental neocloud in the CoreWeave/Lambda sense

Software stack

MUSA SDK as the CUDA-alternative programming layer, with cloud-native GPU virtualization and AI training/inference suites

Data & sources

Web sources

4

4 sources backing this record.View all →

Moore Threads on the deployment map

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Relationships

Current leadership (2)

Safety record

1 incident on record (1 serious). Most recent: Oct 2023.

serious
1

Most recent: Oct 2023

Only active incidents are counted. Retracted incidents are excluded from this summary but remain reachable at their canonical URLs.

Full safety record: incidents, sourcing, and exposure data →

Incidents affecting Moore Threads (1)

Includes incidents linked directly to this company, to its models, or to deployments of its models or under its operation. Retracted incidents are excluded from this view but remain reachable at their canonical URLs.

Recent coverage

Moore Threads in third-party press

Peer companies