China’s New Chip Billionaire
Former AMD top executive Chen Weiliang (49) becomes a billionaire through the IPO of his Chinese chip company 沐曦 (MetaX) in Shanghai.
Chen follows a familiar pattern: gain experience at a Western tech giant → found a company in China → benefit massively from Beijing’s substitution strategy.
💡 The power of talent: He recruited numerous former AMD colleagues (the “AMD gang”) for MetaX through generous equity incentives (over USD 65 million).
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