China AI Chipmaker Moore Threads Cuts Jobs After US Blacklisting
- It plans to cut a single-digit percentage of about 1,000 staff
- Biren and Moore Threads are among the biggest AI chipmakers
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Moore Threads, a Chinese developer of graphics processors and AI accelerators, is cutting jobs after the US added the three-year-old firm to a trade blacklist last month.
Moore Threads Intelligent Technology Beijing Co. plans to cut a single-digit percentage of its roughly 1,000 employees, according to a person familiar with the plan, who asked not to be named discussing a private matter. In a letter to staff reviewed by Bloomberg News, Chief Executive Officer Zhang Jianzhong said the move was a tough but necessary decision.