MetaX, a Chinese maker of graphics processing units (GPUs), has confidentially filed for a listing in Hong Kong, according to people familiar with the matter.The Shanghai-based company was targeting an initial public offering (IPO) by the end of this year, according to the sources, who asked not to be identified because the information was confidential.MetaX was working with Huatai International Financial Holdings on the potential share sale, the people said.The company did not immediately respond to a request for comment on Friday.The IPO plan comes amid a surge of capital-raising by China’s artificial intelligence chipmakers, with peers Biren Technology, Iluvatar CoreX and Moore Threads listing in Shanghai or Hong Kong since late 2025.The wave has been driven by Beijing’s semiconductor self-reliance initiative amid US export controls.
Chinese GPU start-up MetaX confidentially files for Hong Kong listing: sources
Firm’s year-end listing plan underscores China’s chip self-reliance and follows Biren, Iluvatar and Moore Threads in the fundraising rush.
TL;DRAI
MetaX filed for Hong Kong IPO by end-2026, joining Chinese GPU makers filling the gap from US semiconductor export controls. Beijing's chip independence push fractures AI infrastructure; Chinese GPU startups now viable performance-per-dollar alternatives outside Western clouds.
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