Chinese AI chipmaker Cambricon posts record profit as Beijing pushes pivot from Nvidia
Revenues rise 44-fold on surging demand for homegrown semiconductors
Revenues rise 44-fold on surging demand for homegrown semiconductors

Chipmaker Cambricon jumps 20% to record high after AI start-up adapts model for ‘next generation of domestic chips’

The young chipmaker has software advantages over much larger rival Huawei as it aids Beijing’s race for tech self-sufficiency

Beijing encouraged purchase of Huawei and Cambricon processors before Trump’s move to allow Nvidia exports

Beijing’s push for chip self-sufficiency accelerates triumphant comeback for sector

Fabrication plants serving Huawei push to increase production as US cuts off access to Nvidia’s top processors

Roaring black market for US semiconductors operates despite efforts to curb Beijing’s high-tech ambitions