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Cambricon profit nearly doubles amid China's Nvidia push

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 percent year on year, with revenue rising 104.5 percent to 3.5 billion yuan. The results are being read as a bellwether for China's effort to replace Nvidia silicon with home-grown alternatives, lifting local chip suppliers.

Why now: The surge underscores how China's push for semiconductor self-sufficiency amid US export controls is translating into real revenue for domestic AI chip firms.

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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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