Chinese chip firms report surging Q3 profits on AI data-centre demand
Overview
Yuanjie Semiconductor Technology expects third-quarter net profit of 403 million to 453 million yuan, up 579% to 660% from a year earlier, the company says in a Shanghai exchange filing.
The firm attributes the gain to data-centre demand driving shipments. GPU designer MetaX, also listed in Shanghai, says it turned a profit in the first nine months on more orders.
Other Chinese chip and tech firms have flagged growth of up to six-fold in unaudited third-quarter profits, according to South China Morning Post. The reports tie the surge to China's AI boom and its push for chip self-sufficiency.
Written by AI from the articles below · updated Oct 16, 6:26 AM ET
Check the sources:
Article timeline
The articles in this story. Times are ET.
- South China Morning Post · TechNewsChina's AI boom and chip self-sufficiency drive earnings surge at local chip firms
AIYuanjie Semiconductor Technology expects third-quarter net profit of 403 million to 453 million yuan, up 579% to 660% from a year earlier, as data-centre demand drives shipments. GPU designer MetaX, listed in Shanghai, says it turned a profit in the first nine months on more orders. Other Chinese chip and tech firms have flagged growth of up to six-fold in unaudited third-quarter profits.
Heat trend
Not enough continuous observations to show a trend yet.