China’s semiconductor technology is advancing at a remarkable pace, with analysts predicting a significant breakthrough by 2026 or 2027—one that could potentially disrupt NVIDIA and its supply chain. Currently, Chinese chipmakers are ramping up their financing efforts through the IPO market. This month, Moore Threads and MetaX Technologies made their debut on the STAR Market, triggering a surge in trading activity. Industry experts note that several Chinese chip companies are poised to challenge NVIDIA in the coming years, and their planned stock offerings in Hong Kong will serve as a key barometer of investor confidence. The STAR 50 Index has been outperforming the broader market. Meanwhile, a number of Chinese AI chip firms, including Biren Technology, Kunlunxin, Iluvatar CoreX, and Enflame Technology, are gearing up for public listings. Additionally, companies already listed in Shanghai, such as GigaDevice and Montage Technology, are planning secondary listings in Hong Kong to further capitalize on market enthusiasm.