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Story summary
- China braces for a massive sell-off of MetaX Integrated Circuits shares as the lock-up expires Thursday.
- The expiry releases 14 million MetaX shares that were previously restricted.
- Analysts say the newly tradable shares could generate significant selling pressure.
- Last week, Moore Threads’ lock-up expiry erased nearly 49 billion yuan (US$7.3 billion) from its market value.
- The MetaX launch is seen as a key test for China’s AI chip sector.
