SHANGHAI/BEIJING, Dec 5 (Reuters) - Shares of Moore Threads Technology Co, dubbed by analysts as "China's Nvidia", soared on debut in Shanghai on Friday, on bets the U.S.-blacklisted startup will benefit from Beijing's drive to boost domestic chip manufacturing.

Shares of Moore Threads soared by more than 400% on its debut in Shanghai following its $1.1 billion listing.

Shares of Moore Threads Technology, dubbed by analysts as "China's Nvidia", soared on its debut in Shanghai on Friday on bets the US-blacklisted startup will benefit from Beijing's drive to boost domestic chip manufacturing.

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China is turning to advanced chip packaging and near-memory computing in an effort to build competitive artificial intelligence processors using mature manufacturing technologies, according to recent remarks from one of the country's leading semiconductor experts.

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SHANGHAI/BEIJING, Dec 5 (Reuters) - Moore Threads Technology Co, dubbed by analysts as "China's Nvidia", is expected to make a strong market debut in Shanghai on Friday, on bets that the U.S.-blacklisted startup will benefit from Beijing's drive to boost domestic chip manufacturing.

China's focus on pushing domestic chips could make Baidu's chip unit, Kunlunxin, a fast-growing business for the company.