On the evening of June 30, the Shanghai Stock Exchange approved the IPO applications for the Science and Technology Innovation Board submitted by Moore Threads Intelligent Technology (Beijing) Co., Ltd. and MooXi Integrated Circuits (Shanghai) Co., Ltd. Both companies, founded in 2020, have established themselves as prominent domestic AI chip manufacturers. Notably, many of Moore Threads' founding members have a background in NVIDIA, whereas MooXi's founding team boasts experience from AMD. This IPO milestone signifies a significant step forward for both firms in the capital market.