Bloomberg.com: Ex-Nvidia Manager Gains $4.3 Billion After China IPO
Photo by Gunnar Ridderström on Unsplash
TL;DR: Zhang Jianzhong, ex-Nvidia China head, is now a billionaire as his startup, Moore Threads Technology Co., experienced a 425% stock surge. This comes after a difficult period in late 2023, when U.S. government restrictions placed the chipmaker on a trade blacklist, leading to workforce cuts.
Key takeaways
- A recent Bloomberg report indicates that Zhang Jianzhong, former head of Nvidia China, has achieved billionaire status following a 425% surge in the stock value of his startup, Moore Threads Technology Co
- This success represents a notable recovery from late 2023, a period marked by considerable challenges
- government's decision to add the three-year-old chipmaker to its trade blacklist, potentially restricting access to critical foreign technologies, had previously forced the company to implement workforce reductions
Related Topics
Want coverage like this for your company?
Local & industry wins build trusted proof, SEO/geo signals and prime national editors.
Check fit (2 min)Is this your company?
Set up real-time alerts and keep your Heartspace News coverage accurate. Verified teams can update profiles, request corrections, and collaborate on future stories.
Want to turn mentions into momentum? Find your best path with the Fit Checker. Verified profiles receive a free consult.