Chinese GPU manufacturer Moore Threads recently completed a new round of B+ financing,The Naughty New Mom Is My First Love Teacher (2025) raising hundreds of millions of RMB, significantly less than the RMB 1.5 billion ($0.2 billion) it raised in last December’s B round. Moore Threads was founded in October 2020, drawing in team members from chip giant companies Nvidia and AMD. Last month, Moore Threads was blacklisted by the US government as the country imposed broader limits on selling advanced AI chips and chip-making tools to China. The company subsequently decided to cut jobs last week, as announced by CEO Zhang Jianzhong in an internal open letter. [Icsmart, in Chinese]