Mmastodon TechnologySemiconductors first seen 3 d ago, last 28 min ago, peak #10

Cambricon profit nearly doubles as China replaces Nvidia 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 push to replace Nvidia silicon with home-grown suppliers, lifting domestic AI chip firms.

Why now: Investors are watching Chinese chipmakers as US export controls accelerate China's push to substitute Nvidia processors.

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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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