Daily Market Updates: Cambricon’s third quarter profit surges 148% to US$210m amid push to replace Nvidia chips

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Cambricon’s third quarter profit surges 148% to US$210m amid push to replace Nvidia chips

Reported · Written up by our desk · North America

Chinese artificial intelligence chip giant Cambricon Technologies reported a 147.7 per cent surge in third-quarter profit on Friday, as the country’s aggressive push to replace Nvidia chips continues to fuel high growth among local chipmakers. The Shanghai-listed chipmaker generated 1.4 billion yuan (US$210 million) in net profit for the three months ended September 30, up from 566.6 million yuan during the same period last year. Revenue reached 3.5 billion yuan, an increase of 104.5 per cent...

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SCMP EconomyCambricon’s third quarter profit surges 148% to US$210m amid push to replace Nvidia chips

Global Markets

Cambricon’s third quarter profit surges 148% to US$210m amid push to replace Nvidia chips

More like this

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