Cambricon Q1 revenue more than doubles on AI chip demand in China

Chinese chip designers Cambricon Technologies and MetaX Integrated Circuits reported substantial growth in the first quarter, as the artificial intelligence boom, lingering US export-control risks and China’s self-sufficiency push drove the country’s demand for home-grown computing power. Cambricon’s first-quarter revenue jumped 160 per cent from a year earlier to 2.89 billion yuan (US$423 million), while profit soared 185 per cent to 1 billion yuan, the company said in a filing on...

Chinese AI chipmaker Cambricon Technologies Corp.’s first-quarter sales more than doubled, as Beijing’s push for self-sufficiency in critical technologies including semiconductors has fueled local demand for its products.