HK media: Chinese chipmaker Cambricon's revenue surges 44 times due to China's AI achievements
According to the South China Morning Post, driven by Chinese AI models such as DeepSeek, Cambricon is expected to become an alternative to NVIDIA in China. The company reported that its revenue increased by 4,348% in the first half of 2025.
The company announced its financial results for the first half of 2025 on Tuesday on the Shanghai Stock Exchange, with revenue increasing by 4,348% year-on-year to RMB 2.88 billion (approximately USD 403.8 million), reaching a record high since its listing in 2020.
The company's profit reached RMB 1.04 billion (approximately USD 145 million), while it had a net loss of RMB 553 million (approximately USD 77 million) in the first half of 2024. The company also announced progress in the development of AI chip software and hardware.
The report stated, "The company's stock has surged nearly 10 times over the past two years, and more than doubled in the past month, leading the stock market investment boom triggered by AI."
It is reported that after DeepSeek announced its new AI model V3.1, the stock price further increased. This model uses a new data format for training and is specifically optimized for Chinese chips.
The report stated that the company's AI model training platform is seen as a potential competitor to NVIDIA's CUDA open-source hardware and software management platform, as its technology has been applied to all major Chinese AI models, and "performance indicators are comparable to main competitors".
Original: www.toutiao.com/article/1841630103109706/
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