Cambricon Technologies reported a 108 per cent surge in first-half revenue, highlighting the momentum behind China’s push to build up domestic AI chip suppliers. The company said the strong performance came as it capitalised on a massive domestic effort to replace foreign AI hardware.
According to a stock exchange filing, Cambricon’s revenue for the first six months of the year reached 6 billion yuan (US$890 million). Profit also rose 122.6 per cent from a year earlier to 2.3 billion yuan.
In the second quarter, the firm’s revenue was 3.1 billion yuan, extending the strong first-half run. The results add to signs that Chinese AI chipmakers are benefiting from rising local demand as the country ramps up investment in home-grown computing infrastructure.