The brief

Analyst view

• MetaX develops C-series AI GPUs free from US export restrictions, a key advantage in the Chinese AI market.
• Listed on Shanghai STAR in Dec 2025 at 700% debut jump; 2025 revenue grew 121% to ¥1.6B (US$230M).
• C600 entered pilot production in Q4 2025 with mass production ramping through 2026.

Technical approach

As reported

HBM3e Memory

High-bandwidth memory integration

C600 integrates HBM3e for high-bandwidth data transfer, critical for AI training and reducing memory bottlenecks.

FP8 Support

Low-precision floating point

C600 supports FP8 precision alongside traditional float32, enabling efficient AI inference with lower power consumption and reduced memory bandwidth.

Domestic Supply Chain

Unrestricted by export controls

Unlike Nvidia chips, MetaX GPUs face no US export restrictions, making them the primary option for AI training in China without regulatory constraints.