Mmastodon TechnologySemiconductors first seen 1 d ago, last 1 h ago, peak #10

Cambricon profit nearly doubles as China backs homegrown AI chips

Original: Chinese AI chipmaker Cambricon reported third-quarter net profit of 1.4 billion yuan (210M USD), up 147.7 per cent year

Chinese AI chipmaker Cambricon reported third-quarter net profit of 1.4 billion yuan (about 210 million US dollars), up 147.7 per cent year on year, while revenue rose 104.5 per cent to 3.5 billion yuan. The results are being read as a bellwether for China's drive to replace Nvidia silicon with domestic suppliers amid US export restrictions.

Why now: The results point to Chinese chipmakers gaining ground as Beijing pushes to substitute Nvidia hardware with domestic alternatives.

CambriconNvidiaChina

Open on mastodon →

Rank over time, top of the chart is #1. 8 snapshots from 10 h ago to 1 h ago.

Evidence

• Chinese AI chipmaker Cambricon reported third-quarter net profit of 1.4 billion yuan (210M USD), up 147.7 per cent year on year, as China's push to replace Nvidia silicon lifts local suppliers. Revenue rose 104.5 per cent to 3.5 billion yuan, a bellwether for China's home-grown… · china@universeodon.com · 1

API: https://socialmediatrends-api.osmike.com/v1/trends/3391107