Mmastodon TechnologySemiconductors first seen 2 d ago, last 18 min ago, peak #10

Cambricon profit doubles as China pushes 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, with revenue rising 104.5 per cent to 3.5 billion yuan. The surge is being read as a bellwether for China's drive to replace Nvidia chips with domestic suppliers amid US export restrictions, lifting confidence in the country's home-grown semiconductor industry.

Why now: Cambricon's results are seen as evidence that China's push to substitute Nvidia chips with domestic alternatives is delivering real financial gains.

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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

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