China's Moore Threads subsidiary Lightspeed Mofang increases registered capital to 200 million yuan
2026-06-30 14:07
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en.Wedoany.com Reported - Lightspeed Mofang Intelligent Technology (Hangzhou) Co., Ltd., a wholly-owned subsidiary of Moore Threads, has increased its registered capital from 100 million yuan to 200 million yuan, a 100% increase. Business registration changes show that the company was established in March 2025, with Wang Dong as its legal representative. Its business scope covers integrated circuit design, integrated circuit chip design and services, and information system integration services.

Lightspeed Mofang Intelligent Technology (Hangzhou) Co., Ltd. is wholly owned by Moore Threads. The company's registered capital was first increased from 50 million yuan to 100 million yuan on December 3, 2025, and this is the second capital increase.

Moore Threads Intelligent Technology (Beijing) Co., Ltd. was listed on the STAR Market of the Shanghai Stock Exchange on December 5, 2025, with the stock code "688795". The company's main business is the research, development, design, and sales of GPUs and related products. Centered on its self-developed full-function GPU, it provides computing acceleration platforms for high-performance computing fields such as AI, digital twins, and scientific computing. Moore Threads received approval from the China Securities Regulatory Commission for its initial public offering in October 2025, and completed fundraising on November 28, 2025, with net proceeds of approximately 7.576 billion yuan.

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