Major chip manufacturers in mainland China saw their profits surge 2,579.5 percent in the first half of this year, compared with the same period a year ago, as demand for AI infrastructure fuelled buying, according to new figures from the country’s National Bureau of Statistics (NBS).
Monday’s official figures came the same day that shares of Chinese chipmaker CXMT surged nearly 466 percent in their Shanghai stock market debut.
The profit rise was due to accelerating integration of AI across multiple sectors, leading to a jump in demand for computing power, said Yu Weining, chief statistician for the NBS’ department for industrial statistics.
Image credit: Intel
AI demand
