Ex-Nvidia Manager Is Billionaire After Blockbuster China IPO

In late 2023, Zhang Jianzhong faced one of the darkest hours of his career. His Chinese startup, Moore Threads Technology Co., was forced to cut jobs after the US government added the chipmaker to its trading blacklist.

The move threatened to strangle the three-year-old firm by barring it from essential foreign technologies, yet Zhang remained defiant: “Nothing will impact our determination to develop the best all-purpose” chips in China, he said in a statement at the time. “We will continue this task until the end.”