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Cambricon profit nearly doubles as China boosts 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. Observers see the results as a bellwether for China's push to replace Nvidia chips with domestic suppliers amid ongoing US export restrictions.

Why now: China's drive for semiconductor self-sufficiency amid US export curbs makes Cambricon's results a key indicator of progress.

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• 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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