China's semiconductor companies are stepping up R&D efforts to catch up with their U.S. counterparts, as revealed in the Q1 2026 financial reports.

Foreign Media: Q1 2026 financial reports show that Chinese chip companies will allocate a higher proportion of their revenue to research and development (R&D) in order to catch up with their U.S. counterparts.

Beijing Moorerun invests 50% of its revenue in R&D, Shanghai Muxi invests 45%, while AMD and Intel have typically maintained levels between 20%-30% in recent years; NVIDIA's R&D spending ratio dropped sharply from 27.2% in 2022 to just 8.6% in 2025 due to the explosive demand for AI chips, which boosted its revenue to $21.59 billion.

However, in absolute terms, China still lags behind. In fiscal year 2025, NVIDIA invested $18.5 billion, AMD invested $8 billion, and Intel invested $13.8 billion.

Original Source: toutiao.com/article/1864417773458627/

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