{"id":"e86b0e9f-4b90-4ffc-a63f-db4d1f48b94e","slug":"moore-threads-entity-list-2023","kind":"regulatory_action","headline":"US Department of Commerce adds Moore Threads to Entity List, restricting access to advanced chip manufacturing","summary":"In October 2023, the US Bureau of Industry and Security added Moore Threads to the Entity List, restricting the company's access to advanced semiconductor manufacturing processes and foundries. CEO Zhang Jianzhong blamed the sanctions for subsequent staff layoffs and company restructuring into AI and metaverse divisions.","occurredAt":"2023-10-17T00:00:00.000Z","reviewStatus":"unreviewed","modelId":null,"deploymentId":null,"companyId":"73f205b6-357b-42a2-882f-5de769a6bfe4","dataCenterId":null,"aliases":[],"collisionRisk":"none","reviewNote":null,"severity":"serious","rootCauseCategory":null,"rootCauseDetail":null,"affectedUnitsCount":null,"affectedUnitsBasis":null,"remediationStatus":null,"regulatoryAction":null,"regulatoryBody":null,"propertyDamageEstimateUsd":null,"damageEstimateBasis":null,"bodilyInjurySeverity":null,"fatalityCount":null,"lossCostClass":null,"sourceQualityTier":null,"oshaRecordable":null,"oshaCaseNumber":null,"rootCauseDisclosed":null,"publicDisclosureDate":null,"insuranceClaimPublic":null,"formFactor":null,"latitude":null,"longitude":null,"autonomyClass":null,"legalOutcomeClass":"unknown","createdAt":"2026-08-25T09:05:34.404Z","updatedAt":"2026-08-25T09:05:34.404Z","model":null,"deployment":null,"company":{"id":"73f205b6-357b-42a2-882f-5de769a6bfe4","name":"Moore Threads","slug":"moore-threads","description":"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.","status":"public","founded":2020,"hq":"Beijing, China","hqLat":null,"hqLng":null,"hqGeocodedAt":null,"hqAddress":null,"hqPrecision":null,"website":"mthreads.com","fundingTotal":null,"type":"both","roles":[],"reviewStatus":"reviewed","lifecycleState":"active","supersededByCompanyId":null,"sources":[{"url":"https://en.mthreads.com/","title":"Moore Threads","sourceName":"Moore Threads"},{"url":"https://en.wikipedia.org/wiki/Moore_Threads","title":"Moore Threads company profile","publisher":"Wikipedia"},{"url":"https://www.mthreads.com/","title":"Moore Threads official product and platform site (KUAE, MTT S5000, MUSA SDK)","publisher":"Moore Threads"},{"url":"https://www.federalregister.gov/documents/2023/10/17/2023-22868/additions-of-entities-to-the-entity-list","title":"U.S. Commerce Entity List addition, October 2023","publisher":"U.S. Federal Register"}],"keyFacts":[{"label":"CEO","value":"Zhang Jianzhong (James Zhang)"},{"label":"Headquarters","value":"Beijing, China"},{"label":"Founded","value":"October 2020"},{"label":"Stock","value":"SSE: 688795 (IPO Dec 5, 2025)"},{"label":"Co-founder","value":"Zhang Yubo"},{"label":"Architecture","value":"MUSA (Moore Threads Unified System Architecture)"},{"label":"Key Products","value":"MTT S60, MTT S70, MTT S80 (desktop GPU); MTT S2000 (server GPU)"},{"label":"US Entity List","value":"Added October 2023 by US Dept of Commerce Bureau of Industry and Security"},{"label":"IPO Proceeds","value":"~$1.1 billion (Dec 2025)"},{"label":"Revenue FY2024","value":"438 million yuan (~$61M USD), 252% YoY growth"},{"label":"Revenue H1 2025","value":"~702 million yuan (~$97M USD)"},{"label":"Notable Investors","value":"Sequoia Capital China, GGV Capital, Shenzhen Capital Group, ByteDance, Tencent, High-Flyer/DeepSeek (Liang Wenfeng)"},{"label":"Prior Company","value":"CEO Zhang Jianzhong was Nvidia global VP & GM China (2006-2020)"},{"label":"HQ + founded","value":"Beijing, China; October 2020","sourceUrl":"https://en.wikipedia.org/wiki/Moore_Threads"},{"label":"Founder and CEO","value":"Zhang Jianzhong, former Nvidia China vice president","sourceUrl":"https://en.wikipedia.org/wiki/Moore_Threads"},{"label":"Public status","value":"Listed on Shanghai Stock Exchange STAR Market, December 2025; shares rose 468% on debut","sourceUrl":"https://en.wikipedia.org/wiki/Moore_Threads"},{"label":"IPO proceeds","value":"Raised over $1 billion in December 2025 STAR Market listing","sourceUrl":"https://en.wikipedia.org/wiki/Moore_Threads"},{"label":"Silicon lineup","value":"MTT S60 and S80 consumer/workstation GPUs (12nm); MTT S2000, S3000, S4000 data-center parts; MTT S5000 unified training and inference card announced 2025","sourceUrl":"https://www.mthreads.com/"},{"label":"Cluster reference design","value":"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","sourceUrl":"https://www.mthreads.com/"},{"label":"Notable pre-IPO investors","value":"ByteDance, Tencent, Sequoia Capital China, GGV Capital, Shenzhen Capital Group","sourceUrl":"https://en.wikipedia.org/wiki/Moore_Threads"},{"label":"U.S. export status","value":"Added to U.S. Commerce Department Entity List October 2023, cutting access to leading-edge TSMC production","sourceUrl":"https://en.wikipedia.org/wiki/Moore_Threads"},{"label":"Positioning","value":"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","sourceUrl":"https://www.mthreads.com/"},{"label":"Software stack","value":"MUSA SDK as the CUDA-alternative programming layer, with cloud-native GPU virtualization and AI training/inference suites","sourceUrl":"https://www.mthreads.com/"}],"aliases":["Moore Threads","MTT","摩尔线程"],"collisionRisk":"low","reviewNote":null,"atsProvider":null,"atsSlug":null,"factoryLocations":null,"manufacturingCapacity":null,"orgType":null,"burnSignal":null,"litigationEvents":null,"insurancePostureDisclosed":null,"unitEconomicsDisclosed":null,"tickerSymbol":"688795","stockExchange":"SSE","secCik":null,"revenueUsd":null,"revenueBasis":null,"revenueAsOf":null,"employeeCount":800,"employeeCountBasis":null,"employeeCountAsOf":null,"marketCapUsd":null,"marketCapAsOf":null,"marketCapSource":null,"createdAt":"2026-08-24T23:13:05.087Z","updatedAt":"2026-08-28T01:48:19.948Z"},"derived":{"status":"active"},"sources":[{"id":"66a4db3d-f48f-4776-8275-be1e635b2545","incidentId":"e86b0e9f-4b90-4ffc-a63f-db4d1f48b94e","url":"https://en.wikipedia.org/wiki/Moore_Threads","label":null,"publishedAt":"2023-10-18T00:00:00.000Z","notes":null,"title":"Moore Threads - Wikipedia (US sanctions section)","sourceName":"Wikipedia","mediaType":"article","videoId":null,"channel":null,"durationSec":null,"timestampSec":null,"createdAt":"2026-08-25T09:05:34.404Z","updatedAt":"2026-08-25T09:05:34.404Z"}],"responses":[],"statusEvents":[{"id":"f8002b2b-a1a5-4ccc-83fb-5f4064ff3beb","incidentId":"e86b0e9f-4b90-4ffc-a63f-db4d1f48b94e","status":"reviewed","reason":"US Entity List addition confirmed via Wikipedia citing VOA Chinese","source":null,"effectiveAt":"2026-08-25T09:05:34.398Z","createdAt":"2026-08-25T09:05:34.404Z"}],"jsonLd":{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://registry.deploy.report/incidents/moore-threads-entity-list-2023","url":"https://registry.deploy.report/incidents/moore-threads-entity-list-2023","headline":"US Department of Commerce adds Moore Threads to Entity List, restricting access to advanced chip manufacturing","description":"In October 2023, the US Bureau of Industry and Security added Moore Threads to the Entity List, restricting the company's access to advanced semiconductor manufacturing processes and foundries. CEO Zhang Jianzhong blamed the sanctions for subsequent staff layoffs and company restructuring into AI and metaverse divisions.","identifier":"e86b0e9f-4b90-4ffc-a63f-db4d1f48b94e","datePublished":"2023-10-17T00:00:00.000Z","articleSection":"regulatory action","publisher":{"@id":"https://deploy.report/#organization"},"author":{"@id":"https://deploy.report/#organization"}},"framework_metadata":{"framework_schema_version":"0.1.0","verification_status":"unreviewed","maturity_stage":null,"lifecycle_state":null,"architectural_position":{"cohort":null,"sub_cohorts":[]},"within_cohort_verified_vs_claimed_pair":null,"cap_flags":[],"verification_depth":{"sources_count":1,"primary_source_types":["knowledge-base"]}}}