{
 "generated": "2026-11-01",
 "node": {
  "id": "event:china-ai-chip-ipo-wave",
  "type": "Event",
  "name": "壁仞 / 摩尔线程 / 沐曦：中国 AI 芯片企业 IPO 潮",
  "slug": "china-ai-chip-ipo-wave",
  "kind": "financing",
  "kind_zh": "融资 / 上市",
  "date": "2026-01",
  "summary": "2026 年 1 月同月内 6 家中国 AI 芯片企业港股 IPO、募资 36 亿美元，上市首日涨幅 76%–693%；页面注明这些公司仍在亏损，并引分析师的话：估值已脱离基本面，政治性的自主可控叙事替代了传统财务逻辑。",
  "evidence": [
   {
    "kind": "own",
    "url": "https://xiaopingfeng.com/landscape/compute-industry/#player-china-ipo-wave",
    "text": "Landscape「AI 算力产业链」第 01 层「芯片设计」的卡片「壁仞 / 摩尔线程 / 沐曦」：港股/科创板IPO暴涨，但仍亏损"
   }
  ],
  "entry": "agent",
  "by": "landscape-structure",
  "at": "2026-11-01T10:26:39Z",
  "landscape": [
   {
    "map": "compute-industry",
    "map_title": "AI 算力产业链",
    "card": "player-china-ipo-wave",
    "title": "壁仞 / 摩尔线程 / 沐曦",
    "layer": "芯片 设计",
    "layer_id": "layer:compute-industry--1",
    "role": "primary"
   }
  ],
  "landscape_maps": [
   "compute-industry"
  ],
  "landscape_n": 1,
  "degree": 0
 },
 "page": "https://xiaopingfeng.com/graph/e/event/china-ai-chip-ipo-wave/",
 "out": [
  {
   "type": "involves",
   "sentence": "壁仞 / 摩尔线程 / 沐曦：中国 AI 芯片企业 IPO 潮涉及壁仞",
   "direction": "out",
   "id": "org:biren",
   "name": "壁仞（Biren）",
   "role": "participant",
   "note": "名称点名的三家之一；卡片称当月共6家中国AI芯片企业港股IPO",
   "reported": true,
   "status": "agent",
   "evidence": [
    {
     "kind": "own",
     "label": "本站页面",
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     "url": "https://xiaopingfeng.com/landscape/compute-industry/#player-china-ipo-wave"
    }
   ]
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  {
   "type": "involves",
   "sentence": "壁仞 / 摩尔线程 / 沐曦：中国 AI 芯片企业 IPO 潮涉及摩尔线程",
   "direction": "out",
   "id": "org:moore-threads",
   "name": "摩尔线程（Moore Threads）",
   "role": "participant",
   "note": "名称点名的三家之一",
   "reported": true,
   "status": "agent",
   "evidence": [
    {
     "kind": "own",
     "label": "本站页面",
     "text": "Landscape「AI 算力产业链」第 01 层「芯片设计」的卡片「壁仞 / 摩尔线程 / 沐曦」：摩尔线程",
     "url": "https://xiaopingfeng.com/landscape/compute-industry/#player-china-ipo-wave"
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  },
  {
   "type": "involves",
   "sentence": "壁仞 / 摩尔线程 / 沐曦：中国 AI 芯片企业 IPO 潮涉及沐曦",
   "direction": "out",
   "id": "org:metax",
   "name": "沐曦（MetaX）",
   "role": "participant",
   "note": "名称点名的三家之一",
   "reported": true,
   "status": "agent",
   "evidence": [
    {
     "kind": "own",
     "label": "本站页面",
     "text": "Landscape「AI 算力产业链」第 01 层「芯片设计」的卡片「壁仞 / 摩尔线程 / 沐曦」：沐曦",
     "url": "https://xiaopingfeng.com/landscape/compute-industry/#player-china-ipo-wave"
    }
   ]
  },
  {
   "type": "placed_in",
   "sentence": "壁仞 / 摩尔线程 / 沐曦：中国 AI 芯片企业 IPO 潮出现在 Landscape 的「芯片设计」",
   "direction": "out",
   "id": "layer:compute-industry--1",
   "name": "芯片设计",
   "reported": true,
   "status": "derived",
   "evidence": [
    {
     "kind": "own",
     "label": "本站页面",
     "text": "Landscape「AI 算力产业链」第 01 层「芯片设计」：卡片「壁仞 / 摩尔线程 / 沐曦」",
     "url": "https://xiaopingfeng.com/landscape/compute-industry/#player-china-ipo-wave"
    }
   ]
  }
 ],
 "in": []
}